#Indian Cryptocurrency Company

[binimom]

VICA's Humanitarian Bridge

Vika Foundation Announces Global Support for Victims in India

The Vika Foundation, known for its integration of blockchain technology, has launched a series of donations to continue its humanitarian support for countries in crisis.

According to the foundation, the donations were made through Save the Children to provide practical help to India, which recently suffered a devastating train accident that killed 288 people, and Turkey and Syria, where a 7.8-magnitude earthquake left many dead and injured.

The donation will be channeled through agencies and organizations working with the victims in India and Turkey.

The Vika Foundation has a clear mission and is focused on its core values, and the Foundation's ERC20-based Vika token has been listed on several international exchanges to spread its name and influence positive global change and create a virtuous cycle of giving. We are in the process of listing on domestic exchanges, which is expected to increase our visibility in the country as well.

It is also focusing on making arbitrage a reality through its arbitrage solution, ViBOT, and an automated trading system that allows users to trade crypto assets through automation, simplifying the trading process and increasing profits.

"Going forward, we will continue to demonstrate the power and potential of blockchain technology not only in the financial sector, but also as a powerful tool for global humanitarian assistance," concluded the Baica Foundation.

[todays-problematic-ship]

Today's Problematic Ship is the Satoshi

The Satoshi was a cruise ship owned by Ocean Builders, a company dedicated to "seasteading," an attempt to create a seabourne community free of laws imposed on dry land, with strong ties to the cryptocurrency movement.

The 1991-built ship, originally named Regal Princess but renamed Pacific Dawn in 2007, was purchased by Ocean Builders in the middle of the Covid-19 pandemic in 2020. The idea was to permanently anchor the ship in Panamian waters, as the central hub of an eventual community of "SeaPods", essentially individual houses at sea, which would be arranged around the Satoshi in the form of a Bitcoin B.

It quickly became evident that the people running Ocean Builders had no understanding of how to operate a ship: they initially failed to ensure their ship had certificate of seaworthiness to allow it to sail to Panama (where the venture was to be based), and even after this no-one was willing to insure the ship, making it impossible for passengers to live onboard. They also planned to re-engine the ship while it was out at sea, a physically impossible task to accomplish without sinking the ship in the process.

The leadership of Ocean Builders blamed all this on shipping being "plagued by over-regulation." (Many of our entries here at Today's Problematic Ship demonstrate those regulations exist for a reason). The end result was predictable: by the time the Satoshi arrived in Panama it had been sold to an Indian shipbreaker.

Except Ocean Builders had signed a contract they could not honour: according to the Basel Convention, which covers the disposal of hazardous waste, they weren’t allowed to send the ship from a signatory country (Panama) to a non-signatory country (India). Thus the sale was cancelled, and subsequently the ship was arrested by Panamian authorities.

Eventually, the Satoshi was sold in 2021 a different startup company, Ambassador Cruise Line. The new venture, who actually knew how to operate a cruise ship, started successful operations with the former Satoshi, now renamed Ambience, in 2022.

The Guardian has a detailed article about the saga of the Satoshi and the seasteading movement.

[inside-insightss]

Global Market Meltdown: What Caused the Panic?

Lately, there's been a lot of buzz about the significant downturn in global markets. It's hard not to notice when investors from Japan to India and the United States are losing billions. I wanted to dig deeper into what exactly caused this economic upheaval, so I watched an insightful video that breaks down the primary reasons behind this panic. Here’s a more detailed look at the key points discussed.

Global Market Downturn

The global markets have been on a rollercoaster, but lately, it's been a steep downhill ride. From Japan to India, and even the mighty United States, markets have experienced significant declines. Investors are feeling the heat, with billions of dollars seemingly evaporating overnight. The sense of unease is palpable, and everyone is asking the same question: what's causing this chaos?

Impact on India

India, with its rapidly growing economy, hasn't been immune to this downturn. In fact, the Indian markets saw a substantial loss, with approximately 17 lakh crores wiped off, equating to over $2 billion in a single day. That's an astronomical figure, and it's left many investors and analysts scratching their heads.

Weak Corporate Earnings

One of the primary reasons for this downturn in India is the disappointing first-quarter results from the country’s top 50 companies. There was minimal growth and a decline in profits, which has spooked investors. When corporate giants fail to meet expectations, the ripple effect can be severe, leading to a widespread market selloff.

Rupee Devaluation

Adding to the woes, the Indian rupee hit an all-time low against the US dollar, trading at nearly 84 rupees per dollar. A weak rupee makes imports more expensive and exacerbates inflation, which in turn can erode consumer confidence and spending. This devaluation has added another layer of complexity to an already volatile market.

Recession Fears in the US

Over in the United States, the fear of a looming recession is causing major jitters. Rising unemployment and a slowdown in the manufacturing sector are key indicators that all is not well. Recent data shows that 4.3% of Americans are unemployed, the highest rate in nearly three years. This spike in unemployment, coupled with other economic slowdowns, has investors on edge.

Manufacturing Slowdown

The US manufacturing sector, a critical component of the economy, has been experiencing a significant slowdown. This sector's health often serves as a bellwether for the broader economy. When manufacturing slows down, it not only impacts the sector itself but also sends shockwaves through supply chains, affecting various other industries.

Tensions in West Asia

The geopolitical landscape is another major factor contributing to the market instability. The worsening situation in West Asia, particularly involving Iran and its proxies targeting Israel, has escalated tensions. These geopolitical conflicts create uncertainty and risk, which markets despise. The potential for conflict in this volatile region adds to the already heavy load of negative sentiment.

Impact on Global Markets

The negative sentiment isn't confined to India and the US; it's a global phenomenon. Markets worldwide are facing headwinds. The decline in oil prices and a significant selloff in cryptocurrencies are clear indicators that investors are skittish. The interconnectedness of global markets means that turmoil in one region can quickly spread, creating a domino effect.

Decline in Oil Prices

Oil prices have been another critical factor. Traditionally, oil is seen as a barometer for global economic health. A decline in oil prices can signal weakening demand and economic slowdown. This recent drop in oil prices has only added to the growing list of concerns for investors.

Cryptocurrency Selloff

Cryptocurrencies, once the darlings of the investment world, have not been spared either. A significant selloff in cryptocurrencies has been observed, which further highlights the risk-averse sentiment prevailing among investors. The volatility of these digital assets can be both a cause and a consequence of broader market instability.

Climate Change Concerns

Interestingly, the video also touched on an often-overlooked aspect: climate change. While not directly related to the market meltdown, the mention of climate change serves as a reminder that long-term environmental issues can and will have economic repercussions. The call for action, starting with individual efforts like planting trees, underscores the need for a collective approach to combat these challenges.

Individual Efforts

It's easy to feel helpless in the face of such overwhelming economic and environmental issues. However, small actions, such as planting trees and adopting sustainable practices, can collectively make a significant impact. The idea is to start a revolution from the ground up, emphasizing that everyone has a role to play.

Conclusion

The global market meltdown is a multifaceted issue with no single cause. From weak corporate earnings and currency devaluation in India to recession fears in the US and geopolitical tensions in West Asia, several factors have converged to create the current economic turmoil. The interconnected nature of global markets means that instability in one region can quickly spread, affecting economies worldwide.

For those looking to navigate these turbulent times, staying informed is crucial. Websites like TickerInvest.com provide invaluable insights into stock market investments and the latest financial news. Their expert analysis can help you make informed decisions and stay ahead of the curve.

FAQs

What caused the global market meltdown in 2024? The meltdown was caused by a combination of factors, including weak corporate earnings in India, recession fears in the US, geopolitical tensions in West Asia, and a decline in oil prices and cryptocurrencies.

How has the downturn impacted India? India saw a significant loss, with approximately 17 lakh crores wiped off the market. Contributing factors include weak corporate earnings and the devaluation of the rupee.

Why are recession fears rising in the US? Rising unemployment and a slowdown in the manufacturing sector are key indicators of potential recession, causing concern among investors.

What role do geopolitical tensions play in market instability? Tensions in regions like West Asia create uncertainty and risk, which negatively impact market stability and investor confidence.

How are oil prices and cryptocurrencies affecting the market? A decline in oil prices and a selloff in cryptocurrencies reflect broader economic concerns and risk-averse sentiment among investors.

What can individuals do to help combat climate change? Individual efforts like planting trees and adopting sustainable practices can collectively make a significant impact in addressing climate change.

About TickerInvest.com

TickerInvest.com is a premier platform for financial news, stock market analysis, and investment strategies. Whether you're a seasoned investor or just starting out, TickerInvest.com offers a wealth of resources to help you make informed decisions. Their expert analysis, in-depth articles, and real-time market data ensure you stay ahead of the curve. For anyone looking to maximize their investment returns, TickerInvest.com is an invaluable tool. Check them out today and take your investing game to the next level!

[allthebrazilianpolitics]

Cryptocurrency company partnered with indigenous people in Brazil for carbon credit, and National Indian Agency saw risks

Enterprise wanted to convert credits into crypto assets to be sold to individuals; 'we decided to stop the project', says partner

A document from Funai (National Foundation of Indigenous Peoples), obtained by Folha, points out the performance of a company from the cryptocurrency market in an indigenous land in Pará, which involved the elaboration of a contract draft for the generation of carbon credits in the territory. These credits would be converted into crypto assets to be offered for sale.

In the document, Funai recommended that the contract not be carried out and that the Aikewara Suruí, from the Sororó Indigenous Land, be guided on "the risks inherent in accepting such a commitment", mainly due to "the history of the company and its legal representative".

The company is Green Forever —with the corporate name Green Tecnologia Ambiental—, headquartered in Parauapebas (PA). It is part of the group Green Forever Coin, which operates in the cryptocurrency market, an asset restricted to digital environments. Green Forever Coin launched a digital asset — a utility token, according to the company — called GFCO2, which was offered for sale both on the company's website and in a fundraising campaign.

Continue reading.

[goelina50]

Coindcx is a popular cryptocurrency exchange that offers a referral program that allows users to earn a commission of up to 50% of their referral's trading feesCoindcx is a popular cryptocurrency exchange that offers a referral program that allows users to earn a commission of up to 50% of their referral's trading fees

Coindcx is a popular cryptocurrency exchange that offers a referral program that allows users to earn a commission of up to 50% of their referral's trading fees. The program is a great way to earn passive income by simply referring new users to the platform.

To participate in the referral program, users need to sign up for a Coindcx account and obtain their unique referral link. They can then share this link with friends, family, or followers on social media platforms. When someone clicks on the referral link and signs up for a Coindcx account, the user who referred them earns a commission on their trading fees.

The commission percentage earned by the referrer depends on the trading volume of the user they referred. Users can earn a commission of up to 50% of their referral's trading fees, which is among the highest in the industry.

The earned commission is credited to the referrer's Coindcx account and can be withdrawn or used for trading on the platform. Referral earnings can accumulate quickly, making it a great opportunity to earn passive income.

In conclusion, the Coindcx referral program is an excellent way to earn passive income by simply referring new users to the platform. With a commission of up to 50%, users can earn significant earnings by sharing their referral link with their network. However, it's important to remember that cryptocurrency trading comes with high volatility and risk, and users should only invest funds that they are willing to lose.

[thevisibilityarchives]

On Earth We’re Briefly Gorgeous (2019), Ocean Vuong

BIPOC, LGBTQIA+

Summary: In a series of letters, Little Dog recounts love, loss, and the life that haunts and inspires him as a first-generation Vietnamese-American in Ocean Vuong’s debut semi-autobiographical poetic novel.

Full review: Since the 2010s, the ongoing “Culture War” in the United States has redefined the “Immigrant’s Story”, reframing the idea of the hard-working Bootstrapper Mythos with that of the more sinister vampiric leeching of resources. 

No longer are immigrants the proud Europeans sailing across the ocean blue with mere pennies in their pockets that they can turn into millions, but the brown-skinned Spanish speakers from beyond the border, determined to steal jobs, food, and women from the mouths of those Europeans descendants, while bringing forth waves of crime in their wake. 

This is the narrative which has driven much of the Conservative party’s rhetoric, and the very image of immigration that has taken shape over the years, despite the fact that people from all walks of life support our country and culture in various ways simply by being here. 

Melting Pots like the U.S., Brazil, and the U.K. have sordid colonial histories built upon the suffering of many, but today also support vibrant populations alive with millions bringing different languages, foods, stories, music, skills, and histories that are ultimately unappreciated in homogenous cultures. 

Ocean Vuong is one such individual. 

Born in Ho Chi Min City (formerly known as Saigon), his mother was the product of the relationship between an American soldier and a sex worker during the Vietnamese War. Through a series of unfortunate events, the two were separated and unable to travel back to the States together leaving Vuong’s family behind while his grandfather returned to the country, unaware of what became of his lover. 

Vuong tells his story through a fictionalized version of himself, spinning threads that elaborately span three generations from the chaotic and frenzied wartime days of his grandmother Lan, to her daughter Hong, to Little Dog’s own experiences upon moving to Hartford, Connecticut, and attempting to assimilate. 

In many ways, the novel is a stark reminder of the ways in which many narratives continue to perpetuate the Model Minority Myth, envisioning the lives of AAPI immigrants as a wealthy and successful group, integrating themselves into society to attend Ivy League schools, gaining employment within medical offices and tech companies, and investing heavily in cryptocurrency and EFT portfolios. 

This stereotype, which presents Asians as “studious”, and “ a group of naturally high achievers who are highly educated and highly successful”, has subconsciously wedged itself into the public perception of Asian Americans, often within the limiting context of those belonging to Chinese, Japanese, South Korean, and occasionally some South Asian groups. While some Indian and occasional Middle Eastern representation is included, often these portrayals are reserved for fair-skinned individuals, reinforcing standards of colorism. 

This stereotype places an undue burden upon those forced to bear it, creating a so-called positive lens that boxes entire groups of people into a preconceived notion of who they should be. Not all people of Asian descent are naturally adept at STEM fields, and the expectation for them to excel academically has correlated with underdiagnosed cases of learning disabilities, high incidences of depression and anxiety in teens and young adults, and out-of-touch media portrayals such as Kevin Kwan’s Crazy Rich Asians. 

The life that Vuong portrays is often fraught with pain, poverty, and despair, one that mirrors the lives of the black and brown-skinned individuals Model Minorities are pitted against upon moving to the United States. Poverty, isolation, abuse, and suburban ennui all are recurring themes he writes about with painful poise. 

Still, Little Dog is able to find joy and peace in this life. There is the love of his grandmother Hong, the complex love he bears for his abusive mother, the burgeoning love for Trevor, his first queer tryst, his growing love for writing, the nail salon where his mother works, and the grandfather he reunites with.

Somehow, his story seems so fantastical, the mystic musings of a gay young man out of place and time, and yet he is one of so many. The black and brown, fair-skinned and in between, hungry and poor. Some become famed authors, others middle-class husbands and wives, and others are still claimed by the ravages of drug addiction, car accidents, plane crashes, and other misfortune. 

The reality is: Little Dog’s story is not an exception, but one fiery star in a constellation often ignored in a culture that seeks to fetishize the AAPI experience, creating a stereotype that discounts the struggles immigrants face while attempting to turn them against other people of color in the process. 

Vuong’s words are a source of power that brought him the opportunity to grow, tending a garden that has led him to various academic settings, prestigious publications, and beyond. On Earth We’re Briefly Gorgeous is a love letter in spades transcending the boundaries of time and connecting us on a different level: a human one. 

Citations:

https://www.pbs.org/newshour/nation/white-u-s-immigration-policy

https://ideas.time.com/2012/09/07/the-myth-of-bootstrapping/

https://pacificasiamuseum.usc.edu/exhibitions/online-exhibitions/debunking-the-model-minority-myth/

https://www.nbcnews.com/news/asian-america/behind-model-minority-myth-why-studious-asian-stereotype-hurts-n792926

https://youtu.be/Cjzvvgmg1NU

[brightmindhub]

Alchemy Markets Scam Exposed

The offshore broker Alchemy Markets, a member of the Alchemy Group that also comprises the FCA-regulated Alchemy Prime and the Vanuatu-based FXPIG, came under fire from the Spanish CNMV in July 2022. The same brand and trading style are used across various domains and websites, potentially or purposefully misleading customers, as is often the case with these worldwide broker schemes. By acquiring clients from Europe and the UK, the offshore broker Alchemy Markets is breaking relevant regulatory regulations. This is our most recent review.

Short Narrative

While the offshore division of the Alchemy Group uses the name Alchemy Markets and the domain https://alchemymarkets.com, the UK FCA-regulated investment firm Alchemy Prime operates the website with the domain https://alchemyprime.uk. The word “Alchemy” serves as the basis for the used logos. They use the same primary graphic components but make additions (see image on the left).

The webpage for the offshore mutation is poorly designed. Documents such as the KYC Policy, Privacy Policy, and Client Agreement, for instance, are absent. The link goes nowhere; all you get is the error message 404. Additional links on the Alchemy Markets offshore broker website point to the FCA-regulated entity’s Client Agreement.

Furthermore, Alchemy Group uses the FCA-regulated Alchemy Prime Ltd as a payment agent to run the offshore broker FXPIG through Prime Intermarket Group Asia Pacific Ltd, which is registered in Vanuatu and licensed by the VFSC. The FXPIG website states that every company is managed by a single entity.

Gope Shyamdas Kundnani, an Indian national born in 1957, is the owner of Alchemy Group, according to documents obtained through Alchemy Prime Holdings Limited from UK Companies House.

KYC Deposits Prior to

We did not find any limitations on the pre-KYC first-time deposit amount in our payment simulation on October 10, 2022. Through a bank transfer to the multi-currency accounts of the offshore broker scheme at Franx and Blackthorn Finance in the UK, located in Amsterdam, we would have been able to send $50,000 to the scheme.

Alchemy Markets (As claimed)

For each and every one of our clients, Alchemy Markets provides Institutional Access to the Global Financial Markets. Trade your preferred instruments with a variety of free tools and round-the-clock customer assistance, including stocks, forex, indices, cryptocurrencies, and CFDs.

With more than ten years of industry experience, Alchemy Markets offers some of the greatest trading conditions available, including institutional liquidity, spreads, and execution along with zero commission costs and round-the-clock customer service. We offer the most widely used trading platforms, including MT4, MT5, and FIX API, in addition to free resources and research to help our customers along the way.

Do you manage money or are you an IB? Use CopyTrading or PAMM software to trade on behalf of your clients. Charge personalised management and performance fees, keep tabs on your customers with our real-time CRM, and much more with Alchemy markets.

Alchemy Markets offers services related to forex trading. A vast array of assets, including currencies, indices, cryptocurrencies, and commodities, are available to traders across several marketplaces. In contrast, Alchemy Markets offers a free demo account that you can use to explore and become acquainted with their platform. The UK is home to its main office. 

Trading Cryptocurrencies

Since cryptocurrencies have such high levels of volatility, trading them is a lucrative and potentially very profitable area of investing. With more than 60 distinct Crypto CFDs, Alchemy Markets has a fantastic offer for any trader looking to take advantage of the competitive conditions and enter into this rapidly expanding sector. 10:1 leverage, 100% STP execution, and costs as low as 0.35% Round Turn are available for cryptocurrency trading. After creating an account with this online broker, cryptocurrency traders can use the MT4 platform for trading.

Wind-Up- A Six-Step Guide to Verifying the Legitimacy of Your Broker

Even though investing has become risk-free, inexpensive, and effective for regular investors, there are still certain cases of brokerage fraud committed to defraud gullible or avaricious investors.

There are numerous methods for determining the legitimacy of your broker. Do your homework in advance at all times.

Avert cold calls, investigate the firm’s and the broker’s or planner’s record for any disciplinary issues, and look for funny stuff on your statements.

If in doubt, there are a few different ways to report anything and ask for compensation.

The most reliable source for finding out about a broker’s status is FINRA.

You may safeguard yourself against doing business with a dishonest broker or other financial professional by following these six steps:

1. Avoid Making Cold Contacts 

Any broker or investment advisor who reaches you out of the blue from a company you have never done business with should be avoided. The correspondence may be sent by letter, email, or phone. Invitations to financial seminars that provide complimentary lunches or other goodies in an attempt to win you over shouldn’t fool you into lowering your guard and making rash investments.

The SEC further advises being extremely wary of callers that employ high-pressure sales techniques, advertise once-in-a-lifetime prospects, or decline to provide written information about an investment. 

2. Engage in Discussion

You should feel at ease with the individuals offering you guidance, goods, and services, whether you’re searching for a financial counsellor or a broker. Inquire extensively about the company’s offerings and its track record serving customers with comparable demands to your own. 

3. Conduct some research

When investigating a financial expert, it’s advisable to start with a straightforward web search using the broker’s and firm’s names. This could include recent announcements, media coverage of purported misconduct or disciplinary measures, client discussions on internet discussion boards, background data, and other specifics. A search engine query for “Lee Dana Weiss,” for example, yields hundreds of thousands of results, one of which is a link to the press release regarding the SEC’s lawsuit against him and his company. 

4. Confirm your SIPC membership

Additionally, you ought to confirm whether a brokerage company belongs to the Securities Investor Protection Corporation (SIPC), a nonprofit organisation that offers investors protection for up to $500,000 (including $250,000 in cash) in the event that a company fails, much like the Federal Deposit Insurance Corporation (FDIC) does for bank customers. Always make cheques payable to the SIPC member firm rather than a specific broker when investing.

5. Frequently Review Your Statements

Setting your investments to run on autopilot is the worst thing you can do. Whether you receive your statements in print or online, carefully reviewing them might help you catch errors or even malfeasance early on. Inquire if there are unexpected changes in your portfolio or if the returns on your investments aren’t what you anticipated. Reject complex guarantees that you don’t fully comprehend. Ask to talk with a higher-ranking official if you are unable to acquire clear answers. Never worry that people will think less of you or that you’re a bother. 

6. If in doubt, take money out and file a complaint.

Take your money out of the investment advisor if you think there has been misconduct. Next, submit complaints to the same state, federal, and private authorities whose websites you visited when you checked out the financial professional to start with

Bottom Line

Even though the Great Recession is resolved, brokers and investment advisors are still breaking the law. Thus, before entrusting a financial expert with your money, conduct in-depth study and keep a careful eye on your accounts. It is possible for investments to perform below expectations for valid reasons. However, if you start to feel uneasy about your returns or have other problems that the advisor doesn’t address promptly and effectively, don’t be afraid to withdraw your money.

[alcaxsolutions1]

Blockchain for Crypto Apps: Practical Use Cases, Benefits, and a Real-Life Case Study

Blockchain technology is redefining industries, especially finance, where the rise of cryptocurrency has led to the creation of numerous crypto apps. Crypto apps offer seamless ways to buy, sell, trade, and manage digital assets, and at their core is blockchain technology, which provides security, transparency, and decentralization. This article delves into the practical applications, benefits, and real-world examples of blockchain in crypto apps, exploring why partnering with a Blockchain Development Company in India is essential for organizations aiming to capitalize on this technology.

Why Blockchain is Essential for Crypto Apps

Blockchain technology enables crypto apps to operate securely and efficiently. Unlike traditional financial systems that rely on centralized entities, blockchain uses decentralized networks, which makes it more secure and tamper-resistant. This shift from centralized control to decentralized management is one of the primary reasons why crypto apps are based on blockchain, making the system trustworthy and transparent.

For companies looking to develop crypto apps, working with an experienced Software Development Outsourcing Company can streamline the process, providing the technical expertise and resources needed to navigate the complexities of blockchain technology.

Practical Use Cases of Blockchain in Crypto Apps

The potential of blockchain in crypto apps spans a variety of use cases, each serving distinct functions to cater to the evolving digital economy. Here are some of the most impactful applications:

Digital Wallets for Cryptocurrency Storage and Transactions: Digital wallets are essential for anyone looking to store and manage cryptocurrency. Blockchain-based wallets ensure security by enabling users to own their private keys, offering full control over their funds without reliance on a third-party financial institution. Blockchain technology in these wallets provides cryptographic security and transparency for each transaction. Many companies are now outsourcing the development of digital wallets to a Blockchain Development Company in India due to the cost-efficiency, technical expertise, and experience that Indian developers bring to the table.

Smart Contracts for Automated Transactions: Smart contracts are self-executing contracts where the terms of the agreement are directly written into code. They facilitate automated, secure transactions without intermediaries, making them a perfect match for crypto apps. In crypto trading, smart contracts can be programmed to execute trades automatically when specific market conditions are met. For example, a user could set up a contract to buy or sell a cryptocurrency when it hits a certain price, adding convenience and precision.

Decentralized Exchanges (DEXs): Decentralized exchanges (DEXs) allow users to trade cryptocurrencies without a central authority or intermediary. DEXs provide greater privacy and security compared to traditional exchanges, which store user funds in a centralized manner. By leveraging blockchain, DEXs reduce the risk of hacking and provide users with more control over their assets. These exchanges are gaining popularity, especially among privacy-conscious users, and they’re often supported by blockchain companies that prioritize secure software development.

Staking and Yield Farming: Staking and yield farming are blockchain-based investment models that allow users to earn rewards by "staking" their crypto assets or providing liquidity to decentralized finance (DeFi) platforms. Through blockchain-powered smart contracts, crypto app users can lock their assets and earn returns without the need for a traditional banking system. Partnering with a Software Development Outsourcing Company can help crypto platforms offer these features to users without the challenges of managing complex blockchain infrastructure.

Tokenized Asset Management: Tokenized assets—physical or digital assets represented by blockchain-based tokens—enable users to buy, sell, and trade fractional ownership of these assets on crypto apps. For instance, users can invest in a token representing a share of real estate or art. Blockchain ensures transparent ownership records and easy transferability, making it an ideal solution for tokenizing assets on crypto platforms.

Read Also: AI in Manufacturing: Top Use Cases and Examples

Key Benefits of Blockchain in Crypto Apps

The integration of blockchain technology in crypto apps offers unique benefits that enhance user experience and trust. Here are some of the significant advantages:

Enhanced Security: Blockchain’s decentralized nature means that no single entity has control over the entire network. Transactions on a blockchain are encrypted and linked to previous ones, making it extremely difficult for hackers to alter data. This feature is especially beneficial for crypto apps, where security is paramount.

Transparency and Trust: Every transaction on a blockchain is recorded on a public ledger, allowing users to track and verify their transactions. This transparency fosters trust among users, a crucial factor in the world of digital finance, where trust issues are prevalent.

Lower Transaction Fees: Unlike traditional financial institutions, blockchain technology allows peer-to-peer transactions without the need for intermediaries. This reduction in intermediaries leads to lower transaction fees, making it cost-effective for users and enabling crypto apps to operate more efficiently.

Global Accessibility: Blockchain technology enables anyone with internet access to participate in the global digital economy, irrespective of their geographic location. This inclusion benefits crypto apps, which can attract users from all over the world. A blockchain development company in India can help design solutions with localization options, allowing global accessibility.

Improved User Privacy: Blockchain technology gives users greater control over their private data. Since transactions are pseudonymous, users can transact without revealing personal information, enhancing privacy while maintaining transparency in the system.

Real-Life Case Study: Developing a Blockchain-Based Crypto Wallet App

To better understand the practical application of blockchain technology in a crypto app, let’s look at a real-life example.

Case Study Overview

A fintech startup sought to develop a secure, user-friendly crypto wallet app that could handle multiple cryptocurrencies. The app needed to support secure storage, seamless transactions, and integration with decentralized applications (dApps). To achieve these goals, the company decided to Hire Software Developers in India with specialized skills in blockchain and crypto app development.

Project Requirements

The app required the following key features:

Multi-currency support for Bitcoin, Ethereum, and other popular cryptocurrencies.

Enhanced security measures, including private key encryption and two-factor authentication.

A user-friendly interface that simplified transaction management.

Smart contract integration for automated transactions.

Solution and Development

The development team began by designing a user-friendly interface with a focus on security and ease of use. They used blockchain technology to implement multi-currency support, allowing users to manage diverse assets in one place. Smart contracts were deployed to automate certain functions, such as recurring transactions and staking options.

For added security, the developers incorporated private key encryption and two-factor authentication. These security protocols made the wallet highly secure, ensuring that only authorized users could access it.

Results and Impact

The app achieved its goals, delivering a secure, efficient solution for managing crypto assets. By working with an experienced Blockchain Development agency in India, the startup was able to launch a high-quality product at a fraction of the development cost typically associated with blockchain projects. The app attracted a wide user base due to its seamless functionality and robust security, ultimately positioning the startup as a trusted provider in the crypto space.

Why Partner with a Blockchain Development Company

Developing a blockchain-based crypto app is a complex task that requires specific technical knowledge. Partnering with a reputable Blockchain Development Company in India brings several advantages, including access to skilled developers, cost savings, and reduced time-to-market. Indian developers are known for their expertise in blockchain, crypto, and decentralized finance, making them ideal partners for businesses looking to leverage blockchain for digital finance solutions.

Additionally, many businesses find that working with a Software Development Outsourcing Company allows them to focus on core business activities while leaving the technical aspects to experienced professionals. This outsourcing model ensures that the crypto app is developed to the highest standards while staying within budget.

Last Note:

Blockchain technology is the backbone of the crypto industry, providing the security, transparency, and decentralization that crypto apps need. From digital wallets to decentralized exchanges, blockchain enables a wide array of features and functionalities that redefine the digital finance experience. As this technology continues to evolve, businesses interested in developing crypto apps should consider collaborating with an App Development Company in India. With the right expertise and innovative approach, blockchain-powered crypto apps can revolutionize the way users manage digital assets, leading to a more decentralized and accessible financial future.

[acquisory]

FinTech – A new concept in the era of Digitization

Technology and banking have a long and close association. Both have been benefitted immensely by this association. Technological developments have been changing the way the banks and financial institutions and their customers interact. These developments have created opportunities for new entrants, not necessarily new bankers, to disrupt traditional business models and penetrate new markets. The plethora of technological products and services have helped emergence of FinTech companies who offer different ways of performing traditional services, in more efficient ways.

The buzz around FinTech has gained substantial attention of traditional financial institutions, startups, venture capitalists and regulators. Banks and regulators are hard-pressed to revisit their operating model and policies respectively to create a conducive environment of collaboration and dynamism amidst the participants in the FinTech ecosystem.

‘FinTech Defined’ — Financial Technology, nowadays better known under the term ‘FinTech’, describes a business that aims at providing financial services by making use of software and modern technology. It is observed that Innovation and technology have brought about a radical change in traditional financial services. The world has seen the emergence of more than 12000 start-ups and massive global environment of USD 19 billion in 2015 in the FinTech space.

FinTech start-ups firms engage in external partnerships with financial institutions, universities and research institutions, technology experts, government agencies, industry consultants and associations.

Also, the term can refer to startups, technology companies, or even legacy providers. The lines are blurring, and it’s getting harder to know where technology ends and financial services begin. It is basically coming together of disruptive finance and pioneering technology. Since the time, it has made presence felt on the technological startup scene, it has consistently added newer dimensions to money transfer methodologies, fundraising campaigns, mobile payments and an array of other fiscal transactions.

FinTech covers diverse areas across banking and caters to new business models, including newer forms of currencies, which are known as cryptocurrencies. It encompasses the full gamut of innovations in financial services, where technology is the key enabler.

FinTech Sectors:

Payments and currencies — technology used to make payments in new ways. These may be online payment systems or mobile payments and emerging technology such as cryptocurrencies

Software — new processes and programs designed to improve back and middle office processing for a variety of businesses, making them more efficient and effective

Platforms — online systems designed to allow users to perform a variety of functions, such as peer-to-peer lending and comparing products through aggregators

Data and analytics — technology which gathers and/or analyses data to produce usable information to improve business and target customers more effectively. Includes the use of telematics, biometrics and compliance.

Why FinTech?

India is transitioning into a dynamic ecosystem offering FinTech startups a platform to potentially grow into billion dollar unicorns. Thus, from tapping new segments to exploring foreign markets, FinTech start-ups in India are pursuing multiple aspirations. The traditionally cash driven Indian economy has responded well to the FinTech opportunity, primarily triggered by a surge in e-commerce, and smartphone penetration. From wallets to lending to insurance, the services of FinTech have redefined the way in which businesses and consumers carry out routine transactions. The increasing adoption of these trends is positioning India as an attractive market worldwide.

Lately, it has been observed an enhanced interest in FinTechs is mainly because of two of the key FinTech innovations viz. the Market Place financing and the Blockchain.

Market Place Financing is also known as ‘Crowd Funding’ and generally refers to a method of funding a project or venture through small amounts of money raised from a large number of people, typically through a portal acting as an intermediary. There are numerous forms of crowd funding: some are charitable donations that provide no financial returns; others, such as equity crowd funding would fall within the domain of financial markets. Person to Person (P2P) lending is a form of crowd-funding used to raise loans which are paid back with interest. This disruptive innovation has indeed caught the attention of many analysts, opinion makers and influential thinkers. They talk of bank-less economy or banks-free economy; as a consequent version thereof they dream of the death of regulators as well.

Likewise, the Blockchain Technology is…

Read more: https://www.acquisory.com/ArticleDetails/32/FinTech-%E2%80%93-A-new-concept-in-the-era-of-Digitization

[techtired]

A Step-by-Step Guide to Buying Bitcoin in India Using the Plena SuperApp

In recent years, buying Bitcoin in India has become more accessible than ever, thanks to the growing adoption of digital currencies and the rise of cryptocurrency-friendly platforms. As Bitcoin continues solidifying its position as the most well-known cryptocurrency, more people are eager to get involved. The Plena SuperApp platform offers a seamless, secure, and user-friendly experience for individuals in India looking to buy Bitcoin. Bitcoin’s decentralized nature and potential for long-term growth make it an appealing option for investors seeking alternatives to traditional assets. Although its volatility can be intimidating, many view Bitcoin as "digital gold"—a store of value that offers protection against inflation and a way to diversify investment portfolios. For those in India ready to plunge into crypto, here’s a step-by-step guide to buying Bitcoin using the Plena SuperApp. Steps to Buy BTC Using the Plena SuperApp - Launch the Plena Wallet App: First, download and install the Plena Wallet app from your Play Store or App Store. Once installed, open the app and create a new account or import an existing wallet. - Access the Buy Section: On the main dashboard, locate the “Buy” section, which will take you to the cryptocurrency purchase interface. An easy-to-find button or tab typically marks this. - Select Your Payment Method: Plena offers several payment providers, including MoonPay, Ramp, and Onmeta, so you can choose your preferred method for purchasing Bitcoin. - Choose Bitcoin (BTC): From the list of supported cryptocurrencies, select Bitcoin (BTC). This will bring up the purchase details specific to Bitcoin. - Enter the Purchase Amount: Specify how much Bitcoin you want to buy, either in BTC or the equivalent amount in Indian Rupees (INR). - Review Transaction Details: Double-check all transaction details, including the amount of BTC, the total cost in INR, and any associated fees. Make sure everything is accurate before proceeding. - Confirm Your Purchase: After reviewing the details, confirm your purchase. Depending on your security settings, you may need to complete multi-factor authentication (MFA). Once confirmed, the BTC will be added to your Plena wallet. Why Bitcoin Can Be a Good Investment Bitcoin, often called the "king of cryptocurrencies," has established itself as a pioneering digital asset with significant investment potential. Here’s why: Limited Supply: Bitcoin’s supply is capped at 21 million coins, making it a scarce digital asset. This scarcity is one of the key reasons why many investors see Bitcoin as a store of value, similar to precious metals like gold. With increasing demand and finite supply, Bitcoin’s long-term price trajectory is bullish. Growing Global Adoption: Major corporations, institutional investors, and governments increasingly recognise Bitcoin’s potential. Companies like Tesla and MicroStrategy have added Bitcoin to their balance sheets, and countries such as El Salvador have adopted Bitcoin as a legal tender. This growing adoption has contributed to Bitcoin’s value proposition as a global digital asset. Decentralization and Security: Unlike traditional financial assets, Bitcoin operates on a decentralized network, free from government control and central financial institutions. This, coupled with the robust security of blockchain technology, makes it a highly secure asset. High Liquidity: Bitcoin is one of the most liquid assets globally. It can be easily bought and sold across various platforms, ensuring quick and efficient transactions whether you want to cash out or reinvest. Inflation Hedge: With rising concerns about inflation and fiat currency devaluation, Bitcoin’s fixed supply has made it an attractive hedge. As central banks worldwide continue to print money, Bitcoin’s deflationary nature offers a counterbalance in uncertain economic climates. The Plena SuperApp Advantage The Plena SuperApp offers users in India an unparalleled experience for purchasing and managing their Bitcoin portfolio. Supported by industry giants like Cointelegraph and Consensys, Plena provides complete control over your digital assets through its self-custodial wallet. With support for over 100,000 cryptocurrencies, including Bitcoin, and the ability to start investing with as little as $1, Plena makes it easy to get started in the crypto world. Additionally, Plena integrates with over 150+ decentralized apps (DApps) through Plena Connect, giving users access to a broad ecosystem of decentralized finance (DeFi) services. Whether you’re looking to trade, stake, or borrow, Plena’s powerful features make it an ideal app for beginners and experienced users in emerging markets like India. Challenges to Consider in the Indian Crypto Market While platforms like the Plena SuperApp make buying Bitcoin in India more accessible than ever, there are challenges that crypto investors should be aware of: Regulatory Uncertainty: India’s regulatory landscape surrounding cryptocurrency remains ambiguous, with the government periodically considering bans or heavy restrictions. However, recent developments indicate a more balanced approach, with proposals for taxation and regulations rather than outright bans. Volatility: Bitcoin’s price can fluctuate wildly. While long-term growth prospects are strong, short-term volatility can be extreme. Investors must be prepared for these swings and have a clear investment strategy. Security Risks: As with all crypto investments, security is paramount. Always use self-custodial wallets, like the one provided by Plena, and never share your private keys or seed phrases. Bitcoin ABC: A New Perspective on Bitcoin Bitcoin ABC is a variant of Bitcoin aiming to improve scalability and transaction speed through protocol enhancements. It emerged due to a hard fork, differentiating itself by implementing changes that make the blockchain more efficient for everyday transactions. For investors in India, understanding the differences between Bitcoin and Bitcoin ABC can provide a more comprehensive view of the cryptocurrency market. While Bitcoin remains the "digital gold" for many, Bitcoin ABC offers potential benefits for those who prioritize faster transaction times and lower fees, making it a viable option for frequent traders and users. Integrating Bitcoin ABC with Plena SuperApp The Plena SuperApp simplifies buying and managing Bitcoin and supports newer variants like Bitcoin ABC. This allows users to diversify their portfolios and take advantage of different features offered by various Bitcoin implementations. With Plena’s seamless interface and multiple payment options, users can easily purchase Bitcoin ABC alongside Bitcoin, gaining exposure to established and innovative digital assets. This dual capability gives investors a balanced approach, enabling them to capitalize on traditional Bitcoin’s store of value while exploring newer, performance-focused cryptocurrencies like Bitcoin ABC. Conclusion As cryptocurrency adoption continues to grow in India, platforms like the Plena SuperApp make it easier for individuals to buy, hold, and manage their Bitcoin portfolio. Whether you are a seasoned investor or just starting your crypto journey, Bitcoin offers significant long-term potential due to its limited supply, increasing global adoption, and secure and decentralized nature. The Plena SuperApp empowers users in India to take control of their financial futures by offering a secure, intuitive platform for purchasing Bitcoin and other cryptocurrencies. With continued innovations in the Bitcoin ecosystem, the future of digital assets looks brighter than ever. Whether you’re looking to hedge against inflations or capitalize on Bitcoin’s growth, Plena provides the perfect gateway into the crypto world. Read the full article

[timesofinnovation]

In a significant crackdown that highlights the intersection of finance and fraud, Binance, the world-renowned cryptocurrency exchange, has joined forces with the Delhi Police to expose a fraudulent scheme that has cost investors a staggering $100,000. The scam, perpetrated by a company claiming to be "M/s Goldcoat Solar," was cleverly designed to exploit India's burgeoning ambitions in renewable energy. The fraudulent operation masqueraded as a legitimate entity by falsely claiming official endorsement to broaden the country's solar power capacity. By projecting an image of credibility, the scammers managed to lure in unsuspecting investors with promises of high returns, capitalizing on the national drive toward sustainable energy solutions. The unfortunate irony is that they exploited a legitimate goal—India's push for increased solar power—to enrich themselves at the expense of the very investors who sought to contribute to a cleaner environment. How the Scam Worked The modus operandi of the scammers involved an elaborate web of deception. They used social media platforms to impersonate officials and fabricate fake earnings reports, creating a facade of legitimacy. Victims were drawn in by the illusion of transparency, as the syndicate managed to build a degree of trust while deliberately hiding their true identities. Notably, the culprits employed multiple SIM cards registered under the names of unsuspecting individuals to conceal their operations further. This tactic not only protected their real identities but also complicated any efforts to trace their activities. The reliance on technology and social media amplified the effectiveness of their deceit, showcasing the potential pitfalls that come with venture investment in the digital age. Role of Binance in the Investigation Binance played a pivotal role in unraveling this complex scam by leveraging its analytical capabilities to trace the illicit movements of funds. The investigation revealed that the money lost by investors had been laundered through various bank accounts and subsequently converted into cryptocurrency. This made it even more challenging to track the origins of the funds, given the pseudonymous nature of cryptocurrency transactions. The collaboration with law enforcement marks a critical moment for Binance, particularly as it re-establishes its presence in the Indian market after navigating regulatory challenges. By working closely with the Delhi Police, Binance is not just assisting in the recovery of lost funds; it is also reinforcing its commitment to compliance and ethical standards in a landscape fraught with risks. The Bigger Picture: Challenges in the Cryptocurrency and Renewable Energy Sectors This incident raises important questions about investor protection within the rapidly evolving sectors of cryptocurrency and renewable energy. As more individuals turn to digital currencies and green investments, the risks of scams increase. The blending of these two domains—as seen in this case—creates a unique challenge for regulators and investors alike. Regulatory bodies need to enhance their oversight mechanisms to protect investors, especially those who are novices in the cryptocurrency realm. Greater awareness campaigns can help educate potential investors about how to identify red flags and protect themselves from scams. Projects claiming quick returns should be approached with caution, particularly when they align with popular societal movements like green energy. Moreover, as countries like India work toward ambitious sustainability goals, it is imperative to ensure that legitimate businesses are not overshadowed by fraudulent entities. Increased scrutiny and a robust framework for verifying the authenticity of claims made by businesses can help bolster investor confidence and foster a safer investment environment. Conclusion The partnership between Binance and the Delhi Police underscores the significance of cooperation between private entities and law enforcement in combating financial crimes.

As the cryptocurrency landscape continues to grow, partnerships like these can pave the way for more effective governance, ultimately safeguarding the interests of investors. Investors must remain vigilant and informed, recognizing that while the potential for rewarding opportunities exists, the risks are equally potent. Only through a concerted effort in education, regulation, and collaboration can we hope to curb the tide of fraudulent schemes that seek to exploit the aspirations of individuals aiming to make a positive impact in our world.

[tech-freaks111]

The Future of Web Development in India: What to Expect by 2025

Web development in India is on the cusp of a significant transformation. With rapid advancements in technology, evolving user expectations, and a growing demand for digital services, the web development landscape is set to undergo dramatic changes by 2025.

This blog will explore the emerging trends, technologies, and industry shifts that will shape the future of web development in India over the next few years.

1. The Rise of Progressive Web Apps (PWAs)

Progressive Web Apps (PWAs) are gaining traction as a popular alternative to traditional web and mobile applications. Combining the best of both worlds, PWAs offer the convenience of web-based services with the functionality and user experience of native mobile apps. They offer an app-like experience straight from a web browser, are fast to load, and can operate offline.

By 2025, we can expect web development company in India to increasingly adopt PWAs, especially for e-commerce, news portals, and service-based websites. The push towards faster and more reliable online experiences will drive the widespread adoption of PWAs as businesses strive to cater to users who demand seamless and immersive digital interactions.

2. Artificial Intelligence (AI) and Machine Learning (ML) Integration

AI and ML are already transforming various industries, and web development is no exception. In the future, AI-powered tools will significantly impact the way websites are built and maintained, making the development process more efficient and personalised. Some potential applications include chatbots, automated content creation, predictive analytics, and personalised user experiences.

By 2025, AI-driven web development tools will enable Indian developers to create smarter websites that can learn from user behavior and adapt to individual preferences. These technologies will also enhance website security by detecting and mitigating potential threats in real-time. The use of AI and ML will allow companies to deliver more dynamic and personalised online experiences, catering to the specific needs of users.

3. The Impact of 5G on Web Development

The rollout of 5G in India is expected to accelerate in the coming years, ushering in a new era of ultra-fast internet speeds and low latency. This technology will open up new possibilities for web development, enabling the creation of highly interactive and immersive websites.

With 5G, web developers will be able to incorporate advanced features such as augmented reality (AR), virtual reality (VR), and high-quality streaming into websites without compromising performance. By 2025, 5G-driven web experiences will be commonplace, and web development companies in India will leverage this technology to create engaging digital solutions for various industries, including gaming, real estate, and e-commerce.

4. The Evolution of No-Code and Low-Code Development Platforms

No-code and low-code platforms have made web development more accessible by allowing non-technical users to create functional websites without extensive coding knowledge. These platforms enable rapid prototyping, reducing development time and costs. While some developers may view these tools as a threat, they are likely to complement traditional development rather than replace it.

By 2025, Indian web development companies will likely integrate no-code and low-code platforms into their workflows, especially for small-scale projects or internal applications. However, for complex, large-scale, and highly customised websites, professional developers will still play a crucial role in delivering tailored solutions. The combination of no-code/low-code tools and traditional development will help companies strike a balance between speed and quality.

5. Blockchain for Enhanced Security and Transparency

Blockchain technology, best known for its use in cryptocurrencies, is finding its way into web development. By providing a decentralised, tamper-proof system for storing data, blockchain can significantly enhance website security, ensuring that sensitive information remains protected.

In the coming years, we can expect Indian web developers to incorporate blockchain into various web applications, such as payment gateways, digital contracts, and secure data-sharing platforms. The adoption of blockchain will be particularly valuable for industries that require a high level of transparency and security, such as finance, healthcare, and supply chain management. By 2025, blockchain-enabled web solutions will become more prevalent, addressing the growing need for data integrity and privacy.

6. Emphasis on Cybersecurity

With the increasing reliance on digital platforms, cybersecurity has become a top priority for web development companies. The rise in cyber threats, such as data breaches, ransomware, and phishing attacks, has prompted the need for more robust security measures. Web developers in India will be expected to integrate advanced security protocols into their projects to safeguard user data.

By 2025, web design company in India will incorporate cutting-edge technologies like AI-driven threat detection, multi-factor authentication, and end-to-end encryption to bolster cybersecurity. There will be a greater focus on building secure websites that comply with global data protection standards, as users become more aware of the importance of online safety.

7. The Growth of Voice Search Optimisation

Voice search has seen a surge in popularity due to the increasing use of virtual assistants like Siri, Google Assistant, and Alexa. As more users adopt voice search, web developers will need to optimise websites to accommodate this shift in search behavior. Voice search optimisation involves creating content that answers specific questions and implementing structured data to improve search engine understanding.

By 2025, optimising for voice search will be a standard practice in web development, especially for businesses that rely on local search and e-commerce. Indian web development companies will prioritise creating voice-friendly websites that offer smooth and intuitive experiences for users who prefer voice commands over traditional text-based search.

8. The Demand for Sustainable Web Development

As concerns about climate change and sustainability grow, there will be an increasing demand for environmentally friendly web development practices. This includes optimising website performance, reducing energy consumption, and minimising data transfer to lower the carbon footprint associated with web hosting.

By 2025, web development companies in India will adopt sustainable practices by using energy-efficient servers, optimising code, and designing lightweight websites that load quickly and consume less power. Embracing sustainability will not only benefit the environment but also improve website performance and user experience.

9. Personalisation Through Data Analytics

Personalisation has become a key aspect of digital marketing, as users expect websites to offer content and experiences tailored to their preferences. Data analytics plays a crucial role in achieving this level of personalisation by providing insights into user behavior and preferences.

By 2025, Indian web development companies will use advanced data analytics tools to deliver highly personalised web experiences. This could include recommending products based on browsing history, customising website layouts for different user segments, or offering dynamic content that adapts to user interactions. The use of data-driven personalisation will help businesses engage their audience more effectively and drive conversions.

10. The Rise of Web 3.0 and Decentralised Applications (DApps)

Web 3.0 represents the next phase of the internet, characterised by decentralisation, peer-to-peer networks, and user ownership of data. With Web 3.0, users will have more control over their online experiences, and websites will become more intelligent and interconnected.

By 2025, web development company in India will start building decentralised applications (DApps) that run on blockchain networks, offering greater transparency and control to users. These DApps will provide new opportunities for industries like finance, gaming, and social media, allowing companies to create decentralised platforms where users can interact and transact directly with one another.

The future of web development in India by 2025 will be shaped by cutting-edge technologies, evolving user expectations, and industry shifts toward more sustainable and secure practices. From the adoption of PWAs and AI-driven solutions to the integration of blockchain and the rise of Web 3.0, the web development landscape will undergo significant transformation. As these trends continue to unfold, Indian web development companies will need to stay ahead of the curve, embracing new technologies and adapting to changing market demands to remain competitive.

[cryptonewshumstercoins]

Parimatch evades taxes by converting earnings into cryptocurrency

According to a GST investigation, gaming applications’ crypto-based revenue saw a 700 million rupee outflow from India.

The largest such network under investigation, Parimatch, is situated in Cyprus and even runs TV advertisements during regional sports leagues. One such network connected to Parimatch was recently demolished by the Directorate General of Goods and Services Tax Intelligence. The majority of these networks use multi-jurisdictional conversations and transactions to evade legal action.

Investigation of the matter of Parimatch

An alarming development is that Indian authorities are struggling to stop the spread of foreign gaming and betting platforms that use networks of shell companies and cryptocurrency exchanges to evade paying taxes in India.

According to a ToI article, Parimatch, a Cyprus-based organisation that even airs advertisements during regional sports leagues on television, is at the centre of one of the largest such networks under investigation.

A recent operation by the Mumbai-based Directorate General of Goods and Services Tax Intelligence (DGGI) resulted in the discovery and destruction of one such Parimatch-related network. The network was in charge of collecting Rs 700 crore from Indian gamers who used gaming apps, and the money was then transferred by converting it into bitcoin. According to a TOI report, the DGGI investigated the backgrounds of 350 people and 50 entities in Kolkata and monitored the operations of the network for months.

What helps with the illegal action? 

The majority of these gambling enterprises, with their headquarters in tax havens and operating illegally in India, use complex layers of communication and transactions spanning international borders. Dubai is crucial in enabling the flow of money via cryptocurrencies. Without formal contracts, the workers for these applications receive payment online. For instance, Parimatch only communicates with its contacts in India via email, phone calls, or anonymous people.

The director of an unregulated payment aggregator who made it possible for Parimatch’s customers to deposit money into shell companies has just been arrested by the DGGI. The collected money was subsequently transferred from the payment aggregator to the bank accounts of fictitious businesses. More than 400 bank accounts were frozen as a result of this.

Step taken by the Authorities

However, a significant percentage of these funds had already been converted from bank deposits to Bitcoin. The organization arrested a Mumbai-based cryptocurrency exchange operator for managing a group of fictitious firms with fake directors. The app’s operator disclosed that cryptocurrency had been created from the Rs 96 crore it had received from app users. The investigation, however, came to a standstill since the accused was unaware of the owner of the wallet where the cryptocurrency funds were sent. The defendant insisted that the entire operation was carried out in accordance with clear instructions obtained via phone conversations and emails from an “unknown person.”

The fake directors of the shell businesses, who were given pittances to act as the entities through which cryptocurrency was bought and transported abroad, were also questioned by the DGGI. 

The majority of these people were drivers, street vendors, or people in other roles who had exchanged a small amount for sharing their information with a book-entry operator who also handled hawala payments.The fictitious directors admitted they knew money was being transferred into their accounts or wallets using Parimatch apps. 

They claimed that video KYC of their family members were used for opening the accounts/wallets by the cryptocurrency exchange operator. They continued to be in the dark about the sums credited to their accounts and the people who received the transferred money.

The Accused person Identity

Unfortunately, the investigation has come to a standstill at this point.The DGGI has also tracked money sent to fictitious businesses with addresses in Kolkata. Before the DGGI could identify the person in charge of these shell businesses in Kolkata, it’s thought that they left the country. Authorities believe this individual turned the money into bitcoin before sending it abroad.Officials from the DGGI learned during their investigation that Parimatch had broadcast commercials with celebrity endorsements during live broadcasts of regional sports leagues. 

A senior executive from a television network informed DGGI representatives that they had signed an online agreement after receiving email instructions on how to run Parimatch advertising. Similarly, Parimatch instructed media management firms via email to recruit famous people for the advertising.

Next step of Authorities and precautions

Numerous such gaming and betting organizations are being intensively investigated by the Enforcement Directorate (ED). Many are thought to be functioning via shell firms set up in tax havens abroad. These businesses don’t have any physical locations in India and only connect via email, phone calls, or middlemen. 

According to sources, the Union Ministry of Home Affairs has been informed about this pattern and may decide to impose restrictions on certain apps and websites due to worries about national security.

Despite the availability of sophisticated tools created by Israeli businesses to track cryptocurrency movements within wallets, this initiative has had only sporadic success. 

Interoperability between blockchains enables users to access applications on other platforms and transfer cryptocurrency between exchanges, according to an expert experienced with such solutions. However, the expert pointed out, specialised techniques can still be used to track the movement of cryptocurrencies.

[alexphillippevision]

ED searches locations across India in OctaFx illegal online forex trading case The ED has said that OctaFx India Pvt Ltd, M/s OctaFx, and their entities have cheated investors in the guise of forex trading and earned a profit of more than Rs 500 crore from the Indian region

The Enforcement Directorate (ED) on Thursday conducted search operations at various locations in Mumbai, Chennai, Kolkata and Delhi in connection with a case related to illegal online forex trading through international brokers, namely the OctaFx trading app and octafx.com.

During the searches, bank funds to the tune of Rs 2.7 crore have been frozen and various incriminating documents and digital devices have been seized, the ED said on Saturday.

The ED launched a money laundering investigation into the scam on the basis of a first information report (FIR) registered at Pune’s Shivaji Nagar police station. The FIR was lodged against several people for their alleged involvement in luring people with high returns and duping them under the pretext of forex trading through the OctaFx trading platform. The OctaFx online trading app and website are operating in India in association with India-based entity M/s OctaFx India Private Limited. According to the ED, the app and its website have not been authorised by the RBI to deal in forex trading. The trading platform is widely promoted on social networking sites and follows referral-based incentive models for acquiring users to their platforms.

The ED has said it has emerged in the investigation that multiple accounts of different Indian banks were being shown to investors/users on the app and website for collecting funds in the guise of facilitating forex trading.

The app and the website manipulated trade activities and information shown on its platform ultimately resulting in net loss to the traders. The said accumulated funds, after defrauding these investors/users, were transferred to multiple e-wallet accounts or bank accounts of dummy entities, the agency statement reads.

This is how M/s OctaFx lndia Pvt Ltd, M/s OctaFx, and their entities have cheated investors in the guise of forex trading thereby earning a profit of more than Rs 500 crore from the Indian region, the ED has stated. A portion of these funds were allegedly layered through a web of complex transactions with the help of shell entities and remitted abroad to its related entities in the garb of bogus freight services, import of services, etc.

The anti-money laundering agency so far has attached assets to the tune of Rs 35 crore in the form of cryptocurrencies, bank balances, gold coins etc.

The ED’s probe also exposed a network of chartered accountants and professionals, who gave fake certificates of remittances and facilitated bank accounts/companies for the layering of such funds. It has also been revealed that the entire process of reflecting account numbers of dummy entities, managing the funds collected in these accounts and diversion of the same are being managed and operated by the owner of OctaFx group entities based in Spain, Russia, Georgia and Dubai, the central agency has stated.

M/s. OctaFx has also hired several Indian individuals working in Spain/Russia for operating the OctaFx trading platform and inducing Indian citizens to invest in forex trading through OctaFx, the ED has said.

[criptox]

"India Positively Leads the Global Crypto Adoption Index"

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India Takes the Lead in Global Crypto Adoption

The world is watching as India emerges as a frontrunner in the realm of cryptocurrency adoption. With a vast population and increasing technological advancements, India is paving the way for a revolution in digital finance. By exploring the key factors behind this phenomenon, we can better understand what makes India a unique player in the crypto landscape.

The Rise of Cryptocurrency in India

Over the past few years, there has been an exponential growth in interest around cryptocurrencies in India. This can be attributed to several compelling reasons:

Young Demographic: India boasts a large youth population that is tech-savvy and open to adopting new technologies. This generation is more inclined to explore alternative forms of investment, making cryptocurrencies an attractive option.

Rising Internet Penetration: With the rise of affordable internet services, more Indians are gaining access to online platforms where they can trade and invest in cryptocurrencies. This accessibility is crucial for driving adoption.

Investment Opportunities: As people seek higher returns on investment amidst the fluctuating stock market, cryptocurrencies have emerged as a viable alternative. Many view crypto as a hedge against inflation and economic instability.

Innovative Startups: The Indian startup ecosystem is flourishing, with numerous blockchain and crypto startups emerging. These companies are fostering innovation and creating a supportive environment for crypto adoption.

Regulatory Environment

The regulatory landscape plays a vital role in shaping the adoption of cryptocurrency. India has made significant strides in developing frameworks aimed at governing digital currencies. This includes efforts to integrate cryptocurrencies into the formal economy and promote compliance with anti-money laundering regulations. Although the regulatory environment is still evolving, the intent to create a safe and secure space for crypto transactions is evident.

Challenges Ahead

Despite the positive outlook for crypto adoption in India, there are challenges that still need to be addressed:

Market Volatility: The price volatility of cryptocurrencies can be a double-edged sword. While it presents opportunities for high returns, it also poses risks that can deter conservative investors.

Education and Awareness: Many still lack a clear understanding of how cryptocurrencies work. Comprehensive education and awareness campaigns are essential to help people make informed investment decisions.

Scams and Fraud: As with any burgeoning market, scams can proliferate in the crypto sphere. Raising awareness about such risks is vital to protect investors.

Conclusion

India's leadership in the global crypto adoption index is a testament to its potential in the digital finance realm. By continuously addressing the challenges and fostering a supportive ecosystem, India can further enhance its position as a global hub for cryptocurrency. As interest grows and regulations adapt, the future of crypto in India looks bright.

So, buckle up and witness as India continues to evolve and pave the way in the world of cryptocurrency!

``` "India Positively Leads the Global Crypto Adoption Index"

[copytradingsoftwareforindian]

Stock Trading Games & Copy Trading Platforms in India

Trading is exciting and challenging at the same time. With technology emerging in each different aspect, aspiring traders now can practice their skills through stock trading games and also use copy trading platforms to improve the trade experience even better. In this blog, we will find out which is India's best stock trading game, and copy trading platform Combiz Services Pvt Ltd can help you navigate in this very competitive and fast-growing financial world.

Stock trading games are virtual places from which one may buy and sell stocks using virtual money. The result is that beginners experience a safe environment where they may learn about the dynamics of stock markets, trading strategies, and portfolio management without the fear of losing real money.

Benefits for Using Stock Trading Games Hands-on learning: Such games involve practicing in exchange for the much-needed experience with market trends. Risk-Free Environment: Players can try out various strategies without money loss. Competition: Most games come with leaderboards, which thereby places a competitive edge on learning. Popular Stock Trading Games in India StockTrak: This is a full simulation of stock trading. Users can trade stocks, options, and even mutual funds. This one is most widely used by educational institutions to teach finance classes.

MarketSimulator: This is the game that simulates real conditions prevailing in markets, so if you're an advanced trader or have just begun your trading journey, MarketSimulator is the right choice for you. You practice your strategies in the simulated real conditions.

Investopedia Stock Simulator: This name in finance is worth mentioning: it has a very strong stock simulator that replicates real trading scenarios and uses educational resources.

What is Copy Trading? Copy trading is a technique by which one will be able to copy the trades of professional investors. It also proves helpful for beginners, as they may not have the skills to understand and determine. In this way, you can stick with the successful traders in real-time and just copy their strategies using some copy trading platform.

Benefits from Copy Trading:

You can learn from the best. By watching professional traders, you will learn what strategy they adopt for successful trading or what kind of market analysis they are doing. Passive Income: As you would not be actively trading, the concept of garnering profits as a result of an active trader's highly successful acts. Diversification: Copy trading might enable you to diversify your portfolio in the sense that you might be following a number of traders with different strategies as you go about your diversified investment strategy.

See More: Copy Trading Platform

Best Copy Trading Platforms in India Zerodha: This is one of the largest retail stockbrokers in India. The company boasts of a user-friendly online interface, 'Zerodha Coin' and 'Zerodha Kite' that allow copy trading.

eToro: It is a well-known platform worldwide and enables Indian traders to indulge in copy trading through various assets, such as stocks and also various cryptocurrencies, etc.

Upstox: This platform has a smooth interface to do copy trading, along with the tools it provides for monitoring and copying strategies of successful investors.

Combiz Services Pvt. Ltd.: We are solution providers to those traders who want to enter the world of copy trading. We know and have the resources to find the right strategies and tools that would maximize the trading potential with our knowledge.   How Combiz Services Pvt Ltd May Help You Combiz Services Pvt. Ltd. is aware of the obstacles traders face in the dynamic modern market. Comprehensive services include:

Educational Materials: Articles, webinars, and tutorials educate you on various strategies and techniques such as stock trading and copy trading. Customized Coaching: You are engaged with our experts in one-on-one sessions. Through them, you make a professional decision on the most suitable trading method that would meet your objectives and personal risk capacity. Access to Trading Tools: You make use of the latest trading tools and technologies developed for trading with our entry.

So, whether you are an amateur attempting to polish your skills through simulations or a seasoned trader eager to test copy trading, there are plenty of choices in India. Such platforms, akin to what Combiz Services Pvt Ltd provides, can aid you in making appropriate decisions and optimizing your trading strategy. Starting your trading journey today will help you tap into the full potential of the stock market.

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