CryptoCurrency Entrepreneur

The idea of distributed ledger technology (DLT) is appealing because it is as close to ‘trustless’ as we can get. Imagine a world where you have true autonomy or freedom and outcomes are not decided by centralized intermediaries. For with people or institutions, there is always the possibility of various cognitive biases creeping in. In such instances, decisions are often influenced by individual value systems, vested interests and personal preferences. In other words, there is a good chance that a centralized third party’s decision is not for the greater good and is determined by the whims and fancies of a select few.  Once DLT works as envisaged and becomes truly autonomous then a neutral framework or mechanism could lead to more efficient end results. Outcomes would simply be due to action and consequence within a set framework. A form of a trustless network that is gaining widespread adoption is the blockchain, and myriad cryptocurrency entrepreneurs would delve into great

The Reserve Bank of India, India’s central bank had passed a circular last April that imposed a banking ban on crypto businesses. This announcement had hit the crypto businesses based out of India the hard way. Consequently, some crypto exchanges had to shut down their operations in the country and move their base elsewhere. On the other hand, the remaining crypto exchanges have either opted for layoffs to manage their finances or tried to figure out creative ways to combat the problem of banking ban such as launching peer-to-peer exchange-escrowed services.  The crypto community of India had filed a plea to the Supreme Court to lift the banking ban imposed by the RBI. However, the hearing date has been postponing ever since. Reiterated deferral has built panic among the crypto and blockchain enthusiasts of India. Last time, when the case was scheduled to be heard, the judge heard it for a few minutes or seconds (if the sources are to be believed). The court was adjourned due

Cryptocurrencies have oft been perceived as being mere instruments of speculation. And rightly so, as without several tangible real-world use cases, there has been a pertinent lack of strong fundamentals driving this emerging market. It could also be argued that the early crypto 2018 rally was owing to the hype surrounding the potential use cases for digital assets. Come 2019, and cryptocurrencies as a form of technology have to prove themselves. Especially how they could potentially help change the approach towards life, industry and commerce for the greater good. Despite a recent surge, the market is still at a fairly low and espouses the potential to garner hundreds of billion dollars in investment. This presents a significant opportunity for investors who want to get into the market. So, why invest? Weathering the storm: It is pragmatic to invest in crypto assets during a bear market, and cryptocurrencies have established their uncanny ability to garner significantly

Cryptocurrency industry of India had been flourishing until the unexpected decision from the Reserve Bank of India (RBI) emerged. The RBI had directed the banking institutions to terminate transactions with the cryptocurrecy exchanges. This decision came as a shock to the cryptocurrency fraternity of India. The progressive days almost came to a halt for some cryptocurrency exchanges. They had to shut their operations in India. One of the instances that can be cited is Zebpay. It closed down its operations in the nation on September 28, 2018 and moved its base to Malta. In less than 6 months, another prominent cryptocurrency exchange of India, Coindelta closed down its services. In a recent statement, Coindelta founder Shubham Yadav has mentioned that the exchange is not contented with the efforts of reversing the harsh decision of the RBI. He added that it demanded more work which did not happen in the due course of time. Hence, the operations of the exchange had to be called