#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!

[kristikinzel12]

Why These Are the Best Crypto Coins to Buy Now — Expert Top Picks for July 2024

The cryptocurrency market continues to evolve, offering investors a diverse range of options in 2024. This article examines five cryptocurrencies that have recently garnered attention in the digital asset space. Each of these coins offers unique features, ranging from innovative virtual reality platforms to cutting-edge decentralized finance solutions. The article highlights why these particular cryptocurrencies may be worth considering, discussing their current developments, market positions, and potential for growth. Factors such as technological innovation, community support, and real-world applications are emphasized as key drivers of their potential value.

Best Coins to Buy in 2024

Each of these coins brings something special to the table, from revolutionary VR platforms to decentralized finance solutions. Let’s take a closer look at the coins that are making waves:

5thScape (5SCAPE)

Axmint (AXM)

Uniswap (UNI)

Shiba Inu Coin (SHIB)

Dogecoin (DOGE)

As we explore their potential, it becomes clear why they’re considered top investment options in today’s crypto market.

1. 5thScape (5SCAPE)

5thScape has quickly risen to prominence as a leading VR platform, offering a comprehensive ecosystem that includes games, movies, education, and VR devices. Its token, 5SCAPE, has captured the attention of investors and tech enthusiasts alike.

Why Buy Now:

5thScape is nearing its $7 million token pre-sale goal, a clear indicator of strong investor confidence. The platform’s ambitious plans to revolutionize AR and VR technology are particularly noteworthy. By integrating various VR experiences with a focus on education and medical training, 5thScape is poised to significantly impact multiple industries. The company’s commitment to transparency and security further solidifies its position as a trustworthy investment.

Potential:

With the increasing adoption of VR technology, 5thScape is well-positioned for substantial growth. Early investors could benefit significantly as the platform continues to expand and innovate.

2. Axmint (AXM)

AXM, the native token of Axmachine Blockchain Services, is positioned as the network currency of the Axmint Ecosystem. The recent burning of 20% of AXM tokens marks a pivotal moment in the token’s journey.

Why Buy Now:

The AXM Token Presale provides an exciting opportunity for early investors to participate in this revolutionary project. Secure your AXM tokens on the Polygon, Avalanche, and Arbitrum networks.

The AXM presale is selling out fast, with the token available at just USD 0.4. The listing price will be 1 to 2 USD/AXM, which is a remarkable feat. In essence, AXM token investors are already making decent profits while the presale is going on. Partnered with Indian UPI via Axmpay, AXM token is verified by CMC, CG, Binance, Bitget, and BSCScan.

Potential:

As blockchain technology continues to evolve, Axmint scalability and efficiency offer a competitive edge. Investing in AXM now provides the opportunity to be part of a promising project with a solid foundation and potential for significant growth

3. Uniswap (UNI)

Uniswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies directly from their wallets. The platform’s governance token, UNI, plays a key role in its decentralized ecosystem.

Why Buy Now:

Uniswap has established itself as a leader in the DeFi space, with a user-friendly interface and a wide range of supported tokens. The platform’s continued innovation, including the recent launch of Uniswap V3, enhances its functionality and appeal. UNI token holders also benefit from governance rights, allowing them to shape the platform’s future.

Potential:

The growth of DeFi shows no signs of slowing down, and Uniswap’s position as a leading DEX ensures its relevance in the market. As more users and projects flock to DeFi, Uniswap and its UNI token are likely to see increased demand and value.

4. Shiba Inu Coin (SHIB)

Shiba Inu Coin (SHIB) started as a meme coin but has evolved into a vibrant ecosystem with its own decentralized exchange, ShibaSwap. The project’s strong community and ambitious roadmap make it more than just a joke.

Why Buy Now:

Shiba Inu’s recent developments, including the launch of ShibaSwap and plans for a layer-2 solution called Shibarium, demonstrate its commitment to growth and innovation. The coin’s passionate community and frequent updates keep it in the spotlight, attracting new investors.

Potential:

While SHIB’s journey from meme coin to a legitimate project is impressive, its future growth depends on continued innovation and adoption. Investing in SHIB now could be a strategic move as the project matures and expands its offerings.

5. Dogecoin (DOGE)

Dogecoin, originally created as a joke, has become a prominent cryptocurrency thanks to its active community and high-profile endorsements, including support from Elon Musk.

Why Buy Now:

Dogecoin’s widespread recognition and strong community support make it a unique investment opportunity. The coin’s use in various charitable initiatives and its acceptance by certain merchants for payments highlight its practical applications.

Potential:

Dogecoin’s potential lies in its community-driven nature and the possibility of broader adoption. As more people and businesses recognize its value, DOGE could see substantial growth.

Conclusion

Selecting the best cryptocurrencies to buy now involves evaluating their innovation, market potential, and community support. Among the highlighted coins, Axmint stands out as a particularly compelling investment. Investing in 5thScape, alongside other promising coins like 5TH Scape, Axmint, Uniswap, Shiba Inu Coin, and Dogecoin, can enhance your portfolio and maximize returns. Stay informed and strategic to capitalize on these exciting opportunities in the cryptocurrency market.

Website | Twitter | Telegram | Explorer

[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.

[breakingnewss15]

Indian cryptocurrency exchange Mudrex has temporarily halted crypto withdrawals, triggering a wave of backlash from the crypto community.On Jan. 11, Mudrex paused crypto withdrawals on its platform, leaving users puzzled about the abrupt decision. The company told Cointelegraph that the suspension is temporary, lasting until Jan. 28, and is aimed at upgrading the platform’s compliance framework to prevent misuse by bad actors.When questioned about the need to pause operations for a compliance upgrade, Edul Patel, co-founder and CEO of Mudrex, said:“You need to do that with something as critical as crypto. If the infrastructure is not correct, it is very easy for it to be misused for nefarious activities. As a responsible platform, we need to make sure that our systems are in place and we are improving the services at all points in time.”Notably, Mudrex is one of the few crypto exchanges in India that allow crypto withdrawals.“We are the only company that has had crypto withdrawals in India for the last three and a half years now, and we continue to stick with that,” said Patel.Related: CoinSwitch launches $70M recovery fund for WazirX hack victimsCommunity backlashThe issue gained traction after a crypto trader, Vivan Live, posted on X, warning Mudrex users to withdraw their funds immediately. In the post, Vivan wrote:“Congratulations! Mudrex disables Crypto Withdrawals! Don’t tell me I didn’t tell you! If you haven’t taken your money out yet, convert it into INR - withdraw into your bank and run!”Another community member, Aakash Athawasya, expressed skepticism about the exchange’s intentions, suggesting that Mudrex “never had [crypto withdrawals] in the first place” and accusing it of offering “price exposure, not ownership.” He said he wouldn’t touch Mudrex “with a ten-foot pole.”Source: Aakash AthawasyaMudrex reported a 200% yearly increase in its user base, reaching three million, and a 20-fold surge in December’s trading volume to $200 million.India faces increasing regulatory scrutiny, which has already led to exchanges, such as Bybit, suspending operations in the country. Bybit announced that starting Jan. 12, it would restrict services, including crypto trading, account openings, and placing orders, citing evolving regulatory developments as the reason for its temporary withdrawal from the Indian market.CoinDCX introduces crypto withdrawalsIndian cryptocurrency exchange CoinDCX has launched crypto withdrawal functionality for its users. On Jan. 6, Sumit Gupta, CEO of CoinDCX, announced on X that phase one of the rollout will grant access to 1.5 million users, with plans to expand in subsequent phases. However, users opting for crypto withdrawals will have to permanently disable their Indian rupee deposit functionality, although rupee withdrawals will continue to work.Magazine: Big moves expected for crypto in Asia in 2025: Asia Express

[curiousquill1]

The Role of a Wealth Management Firm in Delivering Top Portfolio Management Services

Ever wondered why it seems that a few investors pass through market turmoil without flinching while most others are easily tossed about by it? Usually, the magic is in financial expertise on their side.

Why Professional Wealth Management Matters

Managing wealth is no longer just about picking stocks or bonds. Imagine the financial markets as a vast ocean – while amateur sailors might get by on a calm day, you'd want an experienced captain when storms hit. This is where a wealth management firm steps in, serving as your financial navigator through both smooth and choppy waters.

The Indian financial landscape has simply become much too complex. Investors have choices not only between cryptocurrency and sustainable investment but also amongst traditional market instruments. It's no longer simply about growing in wealth, but instead growing in doing so wisely.

What Sets Professional Wealth Managers Apart?

A wealth management company offers one key thing: experience. Where the individual investor may follow a few stocks, a professional wealth manager analyzes thousands of investment opportunities within multiple asset classes. They see areas of opportunity that others have passed over.

Devise the Strategy to Fit Your Needs

Top portfolio management firms are rather like a custom-made suit – they are tailored for a perfect fit. They don't just assemble a one-size-fits-all investment strategy, but rather build strategies tailored to the goals, be it funding education at a specific foreign college for a child or building a nest egg for retirement.

Getting Real Benefits in Action

Take, for example, a real case. When global uncertainties recently forced the markets downwards, many Do-It-Yourself investors panicked and sold at the lowest. On the other hand, clients of wealth management companies had strategies which helped them to:

Protect the capital during drawdowns

Capitalize on purchasing opportunities

Rebalance portfolios regardless of any market fluctuations

More Than Investment

Modern wealth management is not just about growing money, but also about protecting it. Think taxes, succession planning, and even philanthropy. A quality wealth management firm handles it all, much like a general contractor oversees every aspect of building your dream home.

Smart Tax Planning

The difference between good and great returns often lies in tax efficiency. Professional wealth managers know how to structure investments to minimize tax impact while staying fully compliant with Indian regulations.

Future-Proofing Your Wealth

Preserving money is just as important for high-net-worth individuals and family companies as creating it. These firms help structure assets to ensure smooth transitions between generations.

The Technology Edge

Today's top portfolio management services leverage cutting-edge tech tools for:

Live portfolio monitoring

Risk assessment

Market research

Performance measurement

However, unlike robo-advisors, they integrate the best of this technology with human insights and experience. It's the best of both worlds: data-driven decision-making and human wisdom.

Making the Right Decision

The decision to hire a wealth management firm is somewhat akin to choosing a business partner. Therefore, seek out:

Track record

Fee transparency

Effective communication

Good understanding of goals

Remember, the richest families have been working with professional wealth managers for generations. There's a reason for that – it works.

The Bottom Line

In a world where financial markets are constantly changing, professional advice is not only beneficial but also necessary. Whether you meet your financial objectives or not may depend on a wealth management company.

Professional portfolio management services provide the know-how needed to negotiate the complicated financial landscape of today, regardless of whether you are the first generation running your family business or looking after your family's money. Ultimately, effective money management involves making a number of wise choices over time, day in and day out, rather than just one.

Need to optimize your investment strategy? The right wealth management partner might be your next smart investment.

[upscalelegal]

Crypto a Digital Asset: A Legal Perspective

INTRODUCTION

In the present time Crypto currencies has emerged as a person-to-person electronic payment system that allows online payments to be sent directly from one party to another, without the need for a financial institution. In traditional currencies, a central authority issues a currency that all parties are required by law to accept as payment. This makes the issued currency legal tender. Most of the cryptocurrencies are not backed by a sovereign guarantee and are therefore not considered a legal tender. For legal tender, transaction records are generally held centrally at financial institutions like Reserve Bank Of India; rather, cryptocurrency transactions are recorded and shared with all users on the network. Cryptocurrencies are used for payment if the recipient is willing to accept them, because their value fluctuates against other currencies, such as the US dollar, they are also traded. They are also used as utility tokens that grant their holder access to goods and services of a company.

CRYPTO A CURRENCY OR AN ASSET?

Money has three main characteristics: it is used as a unit of account, as an accepted medium of exchange, and as a store of value. In most countries, the money is issued by a government-backed authority (like RBI in India) and has a sovereign guarantee[1]. Entities authorized to hold funds and facilitate payments (such as banks, credit cards, and payment wallets) which are licensed by a government agency. This means that there is a centralized system regulated by the government to validate transactions and track the flow of money and keep the record of the same.

Crypto differs from this system in several aspects.  There are four basic characteristics of a crypto like bitcoin, they are only in digital format. Second, there is no central authority to validate and guarantee transactions. Instead, transactions are validated by other users and then securely stored.  Crypto is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes[2].

Unlike a physical currency, a digital item is easy to copy, steal and transfer. Therefore, a digital currency has the inherent challenge of ensuring that there is no double payment with the same currency. Cryptocurrencies address this problem with the help of “blockchains”. All users of the system have access to the account balances of all other users (code names may be used to protect confidentiality). When a series of payments are made, they are grouped into a “block”. Other users verify the block by verifying that the person who made the payment had sufficient funds. The block is considered valid if all the transactions it contains are validated by the majority of users. At this point, the block is connected to the previous block using cryptography and is released into the system. A chain of such transaction blocks is called a blockchain.

Since this ledger is available and validated by all users, it is a form of distributed ledger technology (DLT). The cryptography method used makes it very difficult to modify transactions in a validated block. Furthermore, a change to one block will require changes to all subsequent blocks, an almost impossible task. Also, since multiple copies of the records are kept, it would be very difficult to manipulate them at the same time. These properties help maintain trust in the system.

INDIAN LAWS AND CRYPTO

Now as the law in India currently stands, a new provision (47A) is inserted into Section 2 of the Income Tax Act of 1961 to define the term “Virtual Digital Asset.” According to Section 2(47A), Virtual Digital Asset (VDA)[3] means––

(a) any information or code or number or token (not being Indian currency or foreign currency), generated through cryptographic means or otherwise, by whatever name called, providing a digital representation of value exchanged with or without consideration, with the promise or representation of having inherent value, or functions as a store of value or a unit of account including its use in any financial transaction or investment, but not limited to investment scheme; and can be transferred, stored or traded electronically;

(b) a non-fungible token or any other token of similar nature, by whatever name called;

CRYPTO AS A SECURITY

Further in India virtual currencies like Bitcoin and Ether are unlikely to be subject to securities regulation as they cannot be called ‘security[4]’. The Securities Contracts (Regulation) Act of 1956 (SCRA) provides a non-exhaustive definition of securities and there is currently no regulatory guidance for its application in the context of virtual currencies. Virtual currencies are not included in the listed elements of the definition. Additionally, items covered by the definition derive their value from an underlying asset. However, virtual crypto like Bitcoin and Ether have no underlying assets. Instead, the value is determined solely on the basis of supply and demand. Furthermore, virtual currencies such as Bitcoin often do not have an identifiable issuer, contrary to elements of the definition of security under Indian law. Even taking into account the common meaning of the word “value”, the word is defined in Black’s Law Dictionary as an instrument that demonstrates a proprietor’s property rights in a business.

Virtual currencies, including Bitcoin and Ether, have no such ownership rights, credit relationships, or joint venture investments. Therefore, these virtual crypto are unlikely to be included in the definition of securities. However, some (but not all) tokens issued through Initial Coin Offerings (ICOs) may fall within the scope of SCRA if they are issued by an Indian entity and meet the above tests[5]. This is likely to be the case if they are issued by an identifiable issuer and backed by the issuer’s underlying assets. These tokens must be subject to regulation under the Companies Act 2013 (the Companies Act) (in relation to requirements surrounding the issuance and transfer of securities) and the SCRA (in relation to securities that cannot be listed only on recognized stock exchanges)

CONCLUSION

Crypto today do not do a good job at fulfilling the main functions of money or currency, they may be favored by some for ideological, technological or monetary policy reasons. Crypto may have some attributes in common with what we commonly refer to as money, but differ in many important aspects. While Crypto can be exchanged for items of value, they are not a commonly used means of exchange. They are accepted by some but not by all merchants or service providers, with such volatility they have a limited ability to act as a store of value, another important attribute of money, hence crypto assets will be taxed at 30 per cent and over and above that, there is a 1 per cent tax deduction at source which is also imposed on every transaction as crypto are no currency. Crypto has a long way to go before it is equivalent of money or security.

[1] https://main.sci.gov.in/supremecourt/2018/19230/19230_2018_4_1501_21151_Judgement_04-Mar-2020.pdf

[2] Glossary of the FATF Recommendations (updated on October 2018) available at https://www.fatf-gafi.org/glossary/u-z/ (Last accessed on 27-07-2022

[3] BILL No. 18 OF 2022 THE FINANCE BILL, 2022 (AS INTRODUCED IN LOK SABHA)  https://www.indiabudget.gov.in/doc/Finance_Bill.pdf accessed on, 29-07-20222

[4] Cryptocurrencies – An assessment (Keynote address delivered by Shri T Rabi Sankar, Deputy Governor, Reserve Bank of India – February 14th, 2022 – at the Indian Banks Association 17th Annual Banking Technology Conference and Awards) https://rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1196

[5] Writ Petition (Civil) No.528 of 2018 INTERNET AND MOBILE ASSOCIATION OF INDIA Versus Reserve Bank Of India https://main.sci.gov.in/supremecourt/2018/19230/19230_2018_4_1501_21151_Judgement_04-Mar-2020.pdf, accessed on 29-07-2022

[ranabayarea]

New Post has been published on RANA Rajasthan Alliance of North America

New Post has been published on https://ranabayarea.org/the-rise-of-liquidity-pools-in-defi-understanding/

The Rise Of Liquidity Pools In Defi: Understanding How They Work And Their Significance Within The Decentralized Panorama

There are three key elements that make up the liquidity pool — Liquidity Providers (LPs), Liquidity Provider Tokens (LPTs), and Automated Market Makers (AMMs). CoinDCX has earmarked $1 million as incentives for investors https://www.xcritical.in/ seeking to withdraw from offshore crypto exchanges, with a cap of Rs 10,000 per particular person. The potential safety classification of Ethereum by the SEC poses challenges for Web3 innovation. Regulatory uncertainties, including the influence on dApps and decentralization, may shape the future of the crypto area and influence global blockchain rules. ET decodes the newest developments and what they imply for the Indian market. Popular crypto tokens corresponding to BNB, Solana, Dogecoin, Shiba Inu, Chainlink, and Polkadot declined up to 3%, while Cardano, Tron, Uniswap, and Litecoin surged up to 1%.

Morning Brief Podcast: What Will Bitcoin 100k Imply For Indian Investors?

The global crypto market cap fell by 4.1% to round $2.29 trillion within the last Stockbroker 24 hours. Cryptocurrency markets noticed a decline with Bitcoin, Ethereum, and Solana main the drop. Bitcoin and Ether prices surged after a drop in US jobless claims, easing labor market considerations.

Progressive Blockchain Integration- The Core Of Lightchain Ai

Crypto markets dropped 1.4% with Bitcoin, Solana, and Ethereum declining, whereas BNB, XRP, Cardano, and Tron rose as much as 3%.

Tax Deducted at Source (TDS) aims to tax the crypto traders and buyers as and when they perform a transaction by deducting a sure share at the supply.

Major cryptocurrencies, including Bitcoin and Ethereum, surged on Monday following strong U.S. labor market knowledge, easing fears of a recession and lowering expectations for rate cuts.

Bitcoin declined on Thursday after the US Federal Reserve decided to maintain interest rates unchanged and its indication that rate cuts could be delayed.

Contrary to the precise pools which are full of water, liquidity swimming pools (LPs) are pools which might be full of What Are Liquidity Pools in Crypto crypto belongings. They are literally smart contracts that allow traders to trade tokens and coins, even when there are no buyers and sellers. Before we proceed, we would counsel you read our article on smart contracts here, as it is the technology that allows the liquidity pools to exist. Historically, market makers played a key position in any market, the crucial differentiator within the case of AMMs is the use of automation. As a result, liquidity providers (LPs) earn passive income by way of multiple income streams by supplying their tokens on completely different DeFi protocols.

Cryptocurrency Costs On June 11: Bitcoin Falls Beneath $68k Forward Of Us Cpi Information

Although DeFi shares similarities with conventional financial companies, corresponding to lending and borrowing, it relies on smart contracts, which are self-executing codes. These protocols enable users to lock their digital assets into a liquidity pool, which other members can entry. Liquidity swimming pools play an important function in creating a ‘liquid’ DeFi system. It allows crypto traders and buyers to access funds within the DeFi markets.

Cryptocurrency Prices On October 14: Bitcoin Surges Above $64,000; Solana, Ethereum Rise As Much As 3%

Additionally, when you promote your crypto asset, you may be liable to pay 30% Capital Gains Tax. The authorities’s official stance on cryptocurrencies and other VDAs was clarified within the 2022 Budget. In layman’s terms, cryptocurrencies are digital currencies designed to buy items and companies, much like other currencies. However, they have largely been controversial due to their decentralised nature, which means their operation with none intermediary like banks, financial institutions, or central authorities.

A buyer who owes a payment to the seller should subtract the TDS amount and forward it to the central government. Starting from July 01, 2022, the customer will be responsible for deducting TDS on the 1% fee while making cost to the seller for the switch of Crypto/NFT. If the transaction takes place on an change, then the trade may deduct the TDS and pay the steadiness to the seller.

Mining refers to the process of verifying and recording transactions on a blockchain network utilizing highly effective computer systems or specialised mining hardware. In a blockchain community, transactions are verified by a gaggle of nodes or computer systems, known as miners, who compete to solve complicated mathematical puzzles. The first miner to resolve the puzzle is rewarded with a certain quantity of cryptocurrency, which varies depending on the network. Crypto trades happen directly between consumer wallets on a decentralized change. These transactions are also called peer-to-peer (P2P) transactions.

Lending pools allow lenders to deposit crypto to earn interest funds and the respective protocol token so borrowers can borrow. Other major crypto tokens similar to Solana (7%), Toncoin (12.1%), Dogecoin (3.4%), Shiba Inu (2.6%), Avalanche (3.7%), Chainlink (2%), and NEAR Protocol (4.4%) additionally surged. The quantity of all stablecoins is now $58.sixty seven billion, which is ninety two.17% of the entire crypto market 24-hour quantity, as per data out there on CoinMarketCap. Tax Deducted at Source (TDS) goals to tax the crypto merchants and traders as and after they carry out a transaction by deducting a certain share on the source.

Crypto startups expressed disappointment with Budget 2024, as they had anticipated tax rate cuts on digital digital assets (VDAs). Major cryptocurrencies saw modest positive aspects on Wednesday, with Bitcoin, Solana, and Cardano leading the rise. Experts count on additional positive aspects within the crypto market because of the world shift towards financial easing. Bitcoin lately surged to a new all-time high of $75,000, fueled by the US election results. Historically, US elections have acted as catalysts for Bitcoin’s value surge. With Trump’s victory, Bitcoin could potentially reach $100,000 by late 2025.

Liquidity swimming pools provide a gradual supply of consumers and sellers, making certain that trading is executed quickly and effectively. They are an essential a half of the DeFi ecosystem as they facilitate peer-to-peer trading on DEXs. Liquidity was an enormous problem for decentralized exchanges earlier than AMMs. The number of buyers and sellers was small in DEXs as it was a model new technology. Automated market makers fixed this downside of limited liquidity by creating liquidity swimming pools. Only high-net-worth individuals or corporations might turn into liquidity providers for conventional market makers.

Liquidity is the basic foundation of the Decentralized Finance area. Liquidity means how you can quickly promote or purchase property with out causing huge waves in the trade or the tokens’ worth. For example, in a traditional market, liquidity refers to the quality of belongings that may be transformed easily into money. If that occurs, you’ll lose entry to your LP tokens, and the loss can be momentary or everlasting. When you stake them in a DeFi protocol, you’re placing your belief within the good contracts. It’s an essential idea in cryptocurrency and important for Decentralized Exchanges (DEXs).

ETH makes use of a Proof of Stake (PoS) consensus mechanism that requires staking tokens to create a model new chain and stakers get rewarded with new ETH tokens. The staked tokens cannot be used anyplace else until the model new block is added and validated. Transferring ownership is another way you’ll find a way to earn income by way of your LP tokens.

These swimming pools are essential to the decentralised finance (DeFi) ecosystem. While the sellers and consumers of an asset present liquidity in traditional finance, DeFi is decided by liquidity swimming pools to function. The funds supplied to the pool by LPs enable liquidity for dealing with transactions. Hence, not like conventional markets, users transact in opposition to the liquidity in a sensible contract rather than with other users. ​Cryptocurrency markets have been trading decrease in Thursday’s trade, dragged by Bitcoin, Solana, and Dogecoin. Meanwhile, the worldwide cryptocurrency market cap declined 0.7% to round $2.48 trillion in the last 24 hours.

The majority of LP tokens could be transferred to and from the Defi system via your wallet. However, this isn’t always the case, so verify with the DEX platform. Sometimes, transferring the LP tokens with out prior knowledge of the process can strip you of the owner status completely. Once you deposit pairs of tokens in a liquidity pool, you’ll receive LPs because the “Receipt” for this transaction. These LPs define the share you hold in the liquidity swimming pools, which you’ll be able to declare anytime.

[blrmadhum-blog]

Smart Investing for Youth in India: A Comprehensive Guide

Introduction

Investing is a crucial skill that can secure your financial future. This guide is designed to help Indian youth, from teenagers to mature adults, understand the importance of investing, the available options, and how to make informed decisions. Starting early allows you to harness the power of compound interest, which can turn small savings into substantial wealth over time. In this introduction, we'll explore why investing matters, how to set financial goals, and the importance of balancing risk and reward.

Chapter 1: Basics of Financial Literacy

Understanding Money: Income, Expenses, and Savings

Learn the difference between earning, spending, and saving.

Track your expenses to identify unnecessary spending.

Importance of Budgeting

The 50/30/20 rule: Allocate 50% for needs, 30% for wants, and 20% for savings.

Use budgeting tools and apps to stay organized.

Building an Emergency Fund

Set aside 3-6 months' worth of expenses for emergencies.

Keep this fund in a high-liquidity instrument like a savings account.

The Concept of Inflation

Understand how inflation erodes purchasing power.

Invest in instruments that offer returns higher than inflation.

Chapter 2: Understanding Investments

What is Investment?

Investment involves allocating money to generate income or profit.

Types of Investments: Active vs. Passive

Active investments require constant monitoring (e.g., stocks).

Passive investments are less hands-on (e.g., index funds).

Short-Term vs. Long-Term Investments

Short-term: Instruments like fixed deposits or liquid funds.

Long-term: Equity, real estate, or retirement funds.

Factors Influencing Investment Decisions

Risk tolerance

Financial goals

Time horizon

Market conditions

Chapter 3: Investment Options in India

For Beginners (Age 13–21)

Savings Account and Fixed Deposits

Earn stable interest with minimal risk.

Ideal for first-time savers.

Recurring Deposits

Commit to saving a fixed amount monthly.

Earn better returns than a savings account.

Digital Wallets and UPI Savings

Save small amounts and earn cashback.

Suitable for tech-savvy youth.

Mutual Funds for Beginners

Start with SIPs to invest systematically.

Explore debt or balanced funds for low-risk entry.

Government Schemes for Students

Sukanya Samriddhi Yojana for girl child savings.

Scholarship-linked investments for education goals.

For Young Professionals (Age 22–40)

Equity Investments

Invest in shares of companies for long-term growth.

Use Demat accounts to trade easily.

Mutual Funds

Diversify your portfolio with equity, debt, or hybrid funds.

SIPs offer a disciplined investment approach.

Employee Provident Fund (EPF)

A tax-saving retirement scheme for salaried employees.

National Pension System (NPS)

Low-cost, government-backed retirement investment.

Gold Investments

Choose between physical gold, ETFs, or sovereign gold bonds.

Real Estate

Invest in property for long-term capital appreciation.

Cryptocurrency and Digital Assets

High-risk, high-reward option.

Research thoroughly before investing.

Insurance as an Investment Tool

Term plans offer pure protection.

ULIPs combine insurance with investment.

For Mature Investors (Age 41–60)

Portfolio Diversification

Balance risk with safe options like bonds and fixed deposits.

Fixed-Income Securities

Invest in government and corporate bonds for steady returns.

Senior Citizen Savings Scheme (SCSS)

A government-backed scheme with assured returns.

Post Office Savings Schemes

Reliable options for conservative investors.

Annuity Plans

Ensure regular income during retirement.

Chapter 4: Building an Investment Portfolio

Importance of Diversification: Spread your investments across different asset classes to minimize risk.

Allocating Assets by Age Group: Adjust your portfolio based on life stage and risk appetite.

Monitoring and Rebalancing Your Portfolio: Regularly review your portfolio to align with your goals.

Tools and Apps for Portfolio Management in India: Explore platforms like Groww, Zerodha, and Paytm Money.

Chapter 5: Tax-Saving Investment Options

Section 80C Investments

Public Provident Fund (PPF): Long-term, tax-free returns.

Tax-Saving Fixed Deposits: Lock-in period of 5 years.

ELSS Mutual Funds: High returns with tax benefits.

National Savings Certificate (NSC)

A safe, government-backed option with moderate returns.

Health Insurance Deductions (Section 80D)

Tax benefits on premiums paid for health insurance.

Home Loan Tax Benefits

Deductions on interest and principal repayment.

Chapter 6: Financial Habits for Successful Investing

Setting SMART Goals: Specific, Measurable, Achievable, Relevant, Time-bound.

Regularly Reviewing Financial Health: Track and analyze your spending and saving habits.

Avoiding Emotional Investment Decisions: Stay rational and avoid impulsive actions.

Learning from Mistakes: Treat setbacks as opportunities for growth.

Chapter 7: Common Investment Mistakes to Avoid

Following Trends Blindly: Base decisions on research, not hearsay.

Lack of Research: Understand the instruments you invest in.

Ignoring Inflation and Taxes: Account for their impact on returns.

Not Planning for Liquidity Needs: Always keep liquid assets.

Over-Diversification: Avoid diluting potential returns.

Chapter 8: Resources for Continuous Learning

Books and Online Courses: Recommendations for self-education.

Blogs and Financial News Platforms: Stay updated with economic trends.

Investment Apps in India: Learn and invest on platforms like Zerodha, Upstox.

Networking with Financial Experts: Gain insights from seasoned investors.

Conclusion

Investing is a lifelong journey that requires discipline, patience, and continuous learning. Start small, stay consistent, and let your money work for you. By following the strategies outlined in this guide, you can build wealth and achieve financial independence.

Appendices

Glossary of Investment Terms: Definitions of key terms like CAGR, NAV, ROI, etc.

Sample Investment Plans for Different Age Groups: Practical examples for teenagers, young professionals, and mature investors.

Useful Websites and Helplines for Investors in India: Resources for further guidance and support.

[bestreportnews]

HDFC Bank Surges to Record High: Key Drivers and Outlook

on 2024, HDFC Bank's stock has experienced a remarkable surge, setting records and creating a stir on the Indian stock market. By November 28, the stock had risen 1.3% for the day to a new high of ₹1,836.1. This achievement has increased investor confidence and sparked speculation regarding the future direction of HDFC Bank's stock prices. Let's examine the main drivers of this increase and the HDFC Bank price targets as analysts forecast significant upside.

Why Are HDFC Bank Shares Surging in 2024? HDFC Bank, India's largest private lender, has delivered strong results over the past few quarters, contributing to the rising momentum in HDFC Bank shares. The bank's financial performance and its leadership position in the banking sector have made it an attractive investment for both retail and institutional investors. Not only is the bank expanding its market share, but it is also maintaining robust growth in a competitive landscape.

Moreover, HDFC Bank’s market capitalization crossed ₹14 lakh crore for the first time, which signifies investor confidence in the company’s growth prospects. As a result, HDFC Bank share prices have gained 8% in 2024 so far, and the stock continues to hit new highs.

Read More: Inventurus Knowledge Solutions IPO Day 3: GMP Soars 30%

What Do the Charts Indicate About HDFC Bank Stock? While HDFC Bank stock is experiencing a remarkable surge, analysts are keeping a close eye on the technical indicators. The Relative Strength Index (RSI) stands at 68, which is approaching the overbought zone. An RSI above 70 signals that the stock might be overbought, suggesting a potential correction could be on the horizon. However, the stock is still trading well above its key moving averages, indicating strong bullish sentiment in the market.

So, if you're holding HDFC Bank shares, you may want to pay attention to these indicators as the stock could soon enter a consolidation phase.

Explore other popular Posts:

Blog | News | Entertainment | Education | Sports |

Technology | Cryptocurrency | Stock | Home | Sitemap 

[indianmuneem]

Crypto Accounting Services: Why Crypto Tax Matters

Cryptocurrency is the new buzzword around town. This new technology is both intriguing and mysterious for many. That is because the masses are still largely uneducated about this revolutionary new technology. In its essence, cryptocurrency is a decentralized ledger of transactions. Every transaction record is embedded in the blocks of data that make up the currency. This makes it easy for anyone to verify any crypto deal.

But since cryptocurrency is now officially recognized as currency in many countries, it is taxable. Tax laws and regulations differ for crypto as compared to normal currencies. A new market for crypto accounting has sprung up as a result. Accountants and bookkeepers must adjust to a new reality and update their knowledge fast.

Luckily, Indian Muneem already offers great crypto accounting services for crypto enthusiasts. From tax calculation to planning, we cover all the tax requirements under one roof.

So, without further ado, let us dive into the fascinating world of crypto accounting. We will start by defining what exactly blockchain is.

So, what is blockchain?

Simply put, blockchain is a digital chain of blocks of data. This is what gives it its name. It uses a fair bit of cryptography (hence the name crypto coins). This is necessary because the validity of each transaction depends upon its security. Blockchain achieves this by making every node solve a complicated math puzzle to verify any transaction. 

But who maintains this global ledger of transactions that handles millions of dollars? The answer is all of us. Well, all of us who participate in the transactions. Every crypto user is a node that enables the vast network of crypto transactions. The lack of any central authority means the transactions are non-fungible (cannot be tampered with). 

This technology is still in development and applies not only to cryptocurrency, but to finance and healthcare too.

Decentralized Finance (DeFi)

You might have heard of Bitcoin or Ethereum, but the term “Decentralized Finance” might come as something new. What is it? DeFi, as it is called, is more of a social movement. Traditional financial systems are criticized for being centralized, outdated, error-prone, and often inaccessible. They impose high costs and limitations based on customer data. The Decentralized Finance movement addresses these issues by leveraging blockchain technology. The new financial applications offer greater accessibility, reduced costs, and user control over finances. This novel concept of financial freedom has drawn a host of admirers as well as detractors. But the popularity of cryptocurrency shows little signs of waning. It is abundantly clear that the technology is here to stay and the world must evolve accordingly.

How does accounting fit into all this?

While crypto is on the tongue of every toddler and adult alike, the tax implications present an interesting problem. The borderless nature of cryptocurrency makes it harder to regulate and tax. Don’t get us wrong– cryptocurrency transactions have long been taxed just like normal income. The rules and regulations vary by country though. A global standard is not agreed yet and accountants must read every bit of fine print carefully. Caution on the side of erring is the way to go for now.

Outsourcing accounting for cryptocurrency is beneficial for several reasons. Firstly it helps you break down where your finances are going wrong. Then you can fix it before it becomes a problem. With effective tax planning strategies, users can align their financial goals and minimize liabilities. Detailed reporting of all crypto activities—ranging from payments to staking and mining rewards—ensures audit readiness and legal compliance. For businesses in the crypto space, the tax preparation services company also covers revenue tracking, expense management, and payroll. Overall, crypto accounting services deliver essential tools to manage finances effectively, navigate regulations, and maximize the benefits of cryptocurrency investments.

New Tech, New Challenges

Crypto accounting, just like blockchain, is an evolving field. The rules of the game are yet to be framed properly. Before it goes mainstream, a few challenges must be overcome. Let us go through them at length:

Lack of crypto knowledge: Complexities in DeFi transactions (trading, staking, lending) have vague tax implications.

Unclear tax guidance: ITD clarity is limited to certain transactions; others like staking and NFTs remain ambiguous.

Confusing international rules: Attempts by tax offices to update guidance often lead to more confusion for investors.

Difficulty exporting data: Some platforms lack export options, complicating cost-basis calculations.

Volatile market value: Crypto’s fluctuating value makes tracking fair market value for transactions complex.

High logistical effort: Combining and interpreting transaction data is time-consuming.

Several challenges, one solution: Indian Muneem

Indian Muneem has emerged as the top Crypto Auditing Firm  in the country. Our best Crypto Accounting Outsourcing Services  make your crypto journey seamless. Expert accountants specialize in buying and trading to staking and DeFi activities, we ensure every transaction is accurately tracked. File taxes correctly while reducing liabilities and avoiding penalties. Stay audit-ready with detailed, transparent financial records. Whether you’re an individual investor or a business, Indian Muneem provides reliable, tailored solutions for your crypto accounting needs.

Our full catalogue of services:

Crypto Accounting System Setup: Track transactions with accurate, up-to-date crypto accounting systems.

Crypto Tax Calculations: Minimize errors, reduce liabilities, and avoid tax penalties.

Crypto Tax Planning: Strategically plan to reduce taxes and meet financial goals.

Reporting Crypto Activity: Stay audit-ready with detailed reports of all crypto activities.

Calculating Crypto Cost Basis: Ensure accurate reporting by tracking activities across platforms and wallets.

Business Accounting: Comprehensive solutions for revenue tracking, expenses, and payroll in crypto businesses.

Conclusion

Crypto Accounting can take your crypto investment to the next level. Accurate predictions, reliable planning and regular reporting– it puts the onus back in your hands and allows you to take charge of your financial operations. Indian Muneem simplifies this journey by offering tailored solutions for crypto enthusiasts and businesses. With the expertise to navigate this evolving landscape, Indian Muneem empowers you to focus on leveraging the potential of cryptocurrency while leaving the complexities of accounting and tax compliance to seasoned professionals.

[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.

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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