Here is a carefully evaluated and ranked list of the top 8 Indian cryptocurrency exchanges/apps based on service, security, fees, and more criteria.

8 Crypto Exchanges App in India 2023-2024

https://www.desidime.com/deals/kuber-industries-multipurposes-small-m-15-plastic-basket-organizer-for-kitchen-countertops-cabinets-bathrooms-without-lid-pack-of-3 ...

Kuber Industries Multipurposes Small M 15 Plastic Basket, Organizer for Kitchen, Pack of 3

The schedule is updated and published on the RBI website. All sales of government securities are conducted through the online trading platform, E-Kuber, which is owned by the RBI and used for the initial offerings of public sector securities. Another ...

Live India Debt Clock Reflects Surge in Debt-to-GDP Ratio Due to Covid-19

It is believed that worshipping her will bring wealth and good fortune in the house. Lord Kuber, the God of treasure, is also worshipped today by many. People purchase gold or silver jewellery, utensils and new clothes on this day. The story of Dhanteras ...

Dhanteras 2017: Why do you buy gold, silver and utensils on this day; and things to remember while buying

Ganapath Fever Gets the Brands Chattering as the engage in a battle of words to add spice to the 'Hum Aaye Hain' Sensation

CoinSwitch. “It is one of the first such initiatives around the world, especially related to emerging technologies, wherein such a consensus has been achieved. It is definitely a game changer ...

A timeline of crypto regulations: From ‘illegal tender’ to G20 leaders’ green signal

While BookMyShow climbed the wagon, EloElo also joined the trend. That’s not all. The Ganapath craze reached crypto as well, with Coinswitch Kuber. Surely, the future is here and it is singing ‘Hum Aaye Hain.’ ‘Hum Aaye Hain’ was the first song ...

Ganapath Fever Gets the Brands Chattering as the engage in a battle of words to add spice to the ‘Hum Aaye Hain’ Sensation

"Crypto markets were trending downwards last week as the world witnessed a rise in tensions amidst Israel and Palestine, sending global investors into a risk-off mode," said Parth Chaturvedi, investments lead at CoinSwitch Ventures. "Overall the global ...

Crypto wrap: Israel-Hamas war ignites sell-off, Ethereum lowest since March

The Ganapath fever is skyrocketing, and you know you've made it when you have the brands sizzling with excitement. In a latest, crowd favourite brand engaged in a witty exchange of words as the fans grooved to the viral beats of 'Hum Aaye Hain' featuring Tiger Shroff and Kriti Sanon,

Ganapath Fever Gets the Brands Chattering as they engage in a battle of words to add spice to the 'Hum Aaye Hain' Sensation

Ganapath Fever Gets the Brands Chattering as they engage in a battle of words to add spice to the ‘Hum Aaye Hain’ Sensation

CoinSwitch Kuber

coinswitch

The fast-changing crypto world constantly ramps up the pace that creates a greater amount of services and solutions, along with the question which of them it is more beneficial to use. Initially, centralized exchanges opened an essential door to cryptocurrency trading. However, as time goes by with the great strides being made on a permanent basis, certain weak points of centralized exchanges have been revealed, be they lack of account privacy or tempting targets for hackers. Didn’t take long for the services to catch up and turn the spotlight to the alternatives, such as instant non-custodial exchanges. These players became publicly renowned for not holding users’ funds and arranging a quick yet functional platform for crypto trading. With non-custodial exchanges, users funds remain under their control in the external crypto wallets rather than stay in a user account of an exchange. Therefore, reliability and security levels are as strong as never before. Moreover, account registration to such exchange platforms is either taken away or replaced by a simple email notification. There are several criteria that draw a line between the instant exchanges. It appears to be of user’s interest to categorize and study those. In order to be more illustrative, we take 4 well-known non-custodial exchanges and place them under a magnifying glass of 9 factors that help to navigate your way through the trading world. 1. Creating account Changelly Only an email is required to create an account that grants you access to your transaction history, password editing and other account settings. Alternatively, you can create an account using an already-existing Facebook or Twitter. Still, you may skip a sign-up process in a mobile app. ShapeShift Mandatory with a requirement to complete KYC procedures before making transactions. The feature was recently updated due to “the requests of many of our users to have account-related features: a record of transaction history, saved/whitelisted addresses, and email notifications, for example”, as the company explained. CoinSwitch CoinSwitch represents a multi-exchange platform which offers various services to choose when exchanging cryptocurrency. Users can trade anonymously on any exchange with ease without creating an account with the underlying exchange. This option is available, for CoinSwitch is integrated with a number of API providers, including Changelly and ChangeNOW. ChangeNOW Although ChangeNOW was built on the exchange API provided by Changelly, no registration is required here; however, an email should be provided to get updates upon transactions status and in order to contact the support team in case of a need. 2. Supported coins Changelly 150+ ShapeShift 40+ CoinSwitch 400+ ChangeNOW 170+ 3. Fees : please pay attention to the high rate volatility of cryptocurrency. It may affect the resulting amounts and fees at any exchange. NOTE Changelly 0.25% ShapeShift 0.5% CoinSwitch 0% to 0.49% depending on the exchange for a transaction ChangeNOW 0.5% 4. Exchange time Changelly 12 min on average ShapeShift 30 sec — several hours CoinSwitch 15–30 min ChangeNOW Under 15 min 5. Geographic limits Changelly You are prior to use the service if you are not in, under the control of, or a national or resident of any country subject to United Nations Security Council Sanctions List and its equivalent (“Prohibited Jurisdictions”). ShapeShift Does not have restrictions at the place of stay, however reserves the right to limit or block users in certain locations. Fiat to crypto transactions are available for U.S. citizens only. CoinSwitch Except for residents or citizens of countries on any trade or economic sanctions lists or placed on the U.S. Commerce Department’s “Denied Persons List”. ChangeNOW Except for citizens or residents of any country subject to United Nations Security Council Sanctions List and its equivalent. 6. Affiliate program Changelly Yes. It’s realized in 4 ways: Changelly referral link, banners, widget, and exchange button with a referral link. Allows gaining 0.25% of turnover of each transaction other users make via either of them. ShapeShift Yes. While in the exchanges above affiliate programs and API are separated, the ShapeShift affiliate program is offered exclusively to those websites that integrate with their API. Affiliates earn back 0.25% of total BTC volume every month. CoinSwitch Yes. Via referral links. An affiliate receives $5 per referral when his referee completes a transaction worth $100. ChangeNOW Yes. Feasible through reference links, widgets and buttons. The affiliate program offers a unique fee gauge, which allows to set the most comfortable level for an affiliate depending on his or her income level: from 0.4 to 1.8%. 7. Coins available for fiat-to-crypto exchange Changelly All the supported coins are also available for fiat-to-crypto exchange. ShapeShift The recent update introduces a feature for buying BTC with fiat for U.S. residents only. CoinSwitch 100+ out of 400+ coins are available for fiat-to-crypto exchange. ChangeNOW Fiat-to-crypto exchange is currently unavailable. 8. Crypto-to-crypto transactions limits Changelly There are no limits for crypto-to-crypto transactions. However, it is critical to make sure that the amount you want to exchange on Changelly is enough to cover the exchange fees for both the process of sending your original currency and receiving the new currency you want to buy. ShapeShift The higher limit trades exist, depending on the level of membership (up to $10,000 maximum transaction size for Level 1 Members, which is free). CoinSwitch No limits for crypto-to-crypto transactions. However, if an amount is too low, make sure that it will cover all the network fees a blockchain takes. ChangeNOW No limits for crypto-to-crypto transactions. However, for a transaction to be carried out, a network fee is charged by the blockchain itself. The amount sent must be sufficient to cover all the network fees. 9. Reviews amount (according to Trustpilot) Changelly 1,174 (728 reviews marked the service as excellent) ShapeShift 84 (23 reviews — excellent) CoinSwitch 179 (166 reviews — excellent) ChangeNOW 261 (177 reviews — excellent) Looking at these basic factors, it comes by no surprise that each exchange has its own advantages and disadvantages that puts a choice onto a more personal axis. Depending on what your needs and expectations are, different platforms will suit you for different purposes. While all of them operate more or less at the same level of geographic and transaction limits, each of them is marked with its own benefits: offers the lowest and the most transparent fee of 0.25%, all the supported coins available for fiat-to-crypto exchange as well as all the highly demanded coins for crypto-to-crypto transactions, works with the high speed of exchange and is broadly trusted (Trustpilot reviews); Changelly appears relatively flat in this context with its average fees and comparable to others transaction speed, but requires to complete all KYC procedures for any transactions; ShapeShift provides the widest currency range; CoinSwitch doesn’t require any registration (although an email has to be provided anyway) and, while not offering fiat-to-crypto exchange option, supports highly demanded coins for crypto-to-crypto transactions. ChangeNOW Forewarned is forearmed. While this basic research is sufficient for starters, we do also recommend to constantly update your knowledge and experience in order to become a seasoned user, for as we mentioned in the very beginning, the fast-changing world of internet technologies has always the last word.

Changelly vs ShapeShift vs CoinSwitch vs ChangeNOW: A 9 Round Death-Battle. Who'll Win?

It's no secret that the cryptocurrency market is highly volatile. Sometimes this can be seen as a benefit: let’s admit, it's always nice to get a little more cryptocurrency than you expected. This is a popular scenario in the rising market. How to avoid volatility risk when trading crypto? With such a wide variety of cryptocurrency exchanges available today it can be pretty hard to find the one that will suit your customers’ needs best. There are many factors that influence the choice of a cryptocurrency exchange service. Here are the main ones: 1. The age of the crypto exchange service, or in other words, how long it has been on the market; 2. The number of cryptocurrencies available for exchange; 3. Whether the exchange is custodial or non-custodial (means whether user funds are kept inside the service or not); Another important factor is the ability to exchange cryptocurrencies at a fixed exchange rate. Let's see what this means. What is a Fixed-rate exchange and why do we need it? It's no secret that the cryptocurrency market is highly volatile. Sometimes this can be seen as a benefit: let’s admit, it's always nice to get a little more cryptocurrency than you expected. This is a popular scenario in the rising market. But what if the market is unstable, and we need to exchange, say, 0.1 BTC for ETH, and get a specific fixed amount of ETH resulting from the exchange. For such situations, there are fixed-rate exchanges. A fixed-rate crypto exchange is one in which the rate gets fixed and doesn’t change while the transaction is executed. Hence, even if the market is unstable, the user receives the exact amount of crypto that was indicated at the beginning of the exchange, regardless of market fluctuations. As a rule, such exchanges are accompanied by an increased commission. Exchange services explain this by the need to provide themselves with “insurance” in case of high market volatility. Top 5 services with fixed-rate exchanges Coinswitch Coinswitch is not an instant crypto exchange in its classic interpretation. Yet it is a crypto exchange aggregator which accumulates offers of other exchange services and gives them to users, starting with the best-rate offer. To see the list offers a user needs to pick a crypto pair and push the exchange button. Fixed-rate offers are usually displayed at the end of the list since the fixed-rate implies higher fees for the exchange. There is a special mark on the offer, which indicates that if you select this offer, the rate will be fixed for a certain number of minutes (from 5 to 15, depending on the service indicated in the offer). Pros Coinswitch shows several offers at once, thereby allowing you to choose the best offer. Cons However, it is worth considering that the aggregator takes a small additional commission for its services. Thus, the exchange rate presented on Coinswitch will be slightly worse than on the official website of the exchange service itself. Changelly Changelly is another well-known instant crypto exchange platform that offers the opportunity to fix rates. The service calculates the best rate for the user using an algorithm that takes a variety of factors into account, from the current situation on the market to the risk the platform is undertaking by locking the rate. Their commission fee is also calculated with an algorithm, and when the market is stable it can even match the fee for floating rate exchanges. Changelly has an official mobile application that allows users to freeze the rate for the entire duration of the transaction on-the-go. The Fixed rate button is situated on the top of the exchange window. Changelly refreshes the guaranteed rate every 30 seconds, during which a user needs to decide whether to accept the rate or not, afterward proceeding to the exchange as normal. As soon as the transaction is created, a user has 15 minutes to send the money. Pros When writing this material, Changelly showed the best rates for fixed-rate exchanges in comparison with other services from the list. Cons Changelly refreshes the fixed-rate every 30 seconds, so you have to make the decision quickly. However, the service warns users if the rate has changed so that they could decide whether to accept the final rate or not before sending funds. FixedFloat The next crypto exchange with fixed-rate transactions is FixedFloat. The service freezes the rate for 10 minutes and charges a fixed 1% commission for such types of exchanges. Like in other cases, when opting for a fixed rate, a user gets the price displayed at the point of initiating a transaction. Pros The service has an option to try lightning-fast transactions. To choose this transaction type a user needs to click on “try lightning!” phrase underneath the amount field. Cons The network fee is not included in the rate displayed on the screen. So be ready to receive less crypto than expected. ChangeNOW ChangeNOW is a platform for fast crypto swaps. The service offers its users to exchange cryptocurrencies in two different ways: using the classic (floating) rate or the fixed-rate mechanism. Pros ChangeNOW offers transparent fixed-rate transactions. The service calculates all the fees from the very beginning and freezes the rate for the next 15 minutes. Cons However, the fixed-rate option is not that cheap. The fee for the fixed-rate exchanges can exceed 1%, which is pretty high in comparison with other services mentioned in this article. Changehero Another instant exchange service that looks pretty similar to the previous one in our today list is called Changehero. Like ChangeNOW it offers to freeze the rate for 15 minutes in exchange for a higher commission of around 1%. Summing it all up When comparing fixed-rate exchanges on various crypto exchange services, your goal is to pick the one that offers the best value for money. In this regard, it appears that Changelly offers the biggest amount of ETH in exchange for 0,1 BTC.* *All the provided screenshots were made with the same crypto-pair at the same time period to enhance the transparency of this comparative experiment.

Crypto Services with Fixed-Rate Exchanges [A Top-5 List]

South Korea is the 11th largest economy in the world. It is home to tech giants like Samsung, Hyundai and Kia. The country boasts of a highly educated economy. But as of 2016, its underemployment rate stood at 38 percent that led to many in working jobs that they were overqualified to do. Even individuals with an impressive employment track record found it difficult to afford the average rent of 426 million Won ($400,000). The rising cost of living and the unavailability of an alternate way of earnings had sent the tech savvy millennial into a feeling of depression and hopelessness and making them believe that they won’t fare better than the previous generation. All That Glitters Is Gold….(At Least For The Koreans) Few in Korea started early in cryptocurrency but it wasn’t until Lambhorgini with “BITCOIN” written on their number plates hit the roads, the fact that “virtual currencies are actual money” and not just some stupid “nerd money” started sinking in to the Koreans. The interest in cryptocurrency for Koreans enormously spiked in the late of 2017 amidst the cryptocurrency prices soaring sky high. A report suggested that Koreans invest in cryptocurrency and most of them were between the age of . The word, “ To the Moon” and “Lambo”, spread out fast, all thanks to the super connectivity — a Korean teenager uses their mobile device for more than 4 hours a day, all homes have internet access and 88 percent owns smartphones. 3 out of 10 20–30 years This interest has been largely attributed to 3 reasons: 1. The flashy life of early crypto traders. 2. The current system of the society where Korean millennial believed that they won’t fare financially better than their parents or grand parents. 3. Lack of alternative investment options. For many Koreans this was a gateway to a better financial world and in their own words “ ” I finally wouldn’t end up dying paying for an apartment and a car that i didn’t like A Worried Government Starts The Crackdown While Koreans were living their own version of ‘The American Dream’, the atmosphere inside the Ministry of Justice office was tensed. Minister Park Sang-Ki and his officials were disturbed by the speculative nature of cryptocurrencies. Many of them considered it to gambling and a system that facilitates money laundering and terror funding. While there were murmurs of the government’s uneasiness, it wasn’t until September of 2017 that things took turn for worse for crypto traders in the country. The first hint of governments displeasure with cryptocurrencies came with the proposed ban on ICO in September. Timeline Of Regulatory Crackdown On Korean Exchanges — Officials hints on proposing a legal amendment to prohibit all ICOs. September 29, 2017 — Bans minors and non-resident foreigners from trading. December 13, 2017 — National Tax services and police raid offices of Korean exchanges Coinone and Bithumb. January 9, 2018 — Justice Minister Park Sang-Ki hints on drafting a legislation that would shutter all virtual currency exchange. January 11, 2018 BTC rate affected after the legislature announcment on Jan 11 — Banned use of anonymous bank accounts for virtual coin trading. January 30, 2018 — Korean exchange UPbit raided over money laundering issues. May 11, 2018 Did The State Fail Its Millennials? The prices of cryptocurrencies tanked down significantly after the January 11 proposal of the Justice Minister to ban cryptocurrency exchanges. People got worried and started exiting the market. The future of cryptocurrency and its investors seemed gloomy in Korea. A lot of them had pledged their homes to buy cryptocurrency and now had to sell it for losses. . There was an increase in the number of patients visiting psychiatrist, the trauma was termed ‘Bitcoin Blues’. Families were broken and often lead to divorces This led to a surge in the number of suicides reported due to losses in cryptocurrency investments. Why Is Korea Important To Cryptocurrency? Korea is a country obsessed with cryptocurrency and has over 2 million traders. The cryptocurrency prices in Korean markets were at a 51% premium over its American counterparts. The country is home to one-third of all major crypto exchanges. In fact, the Won is currently the third most traded currency for Bitcoin accounting for over 5% of all BTC trading. At some point, it was the highest traded currency for Ethereum. Even the central bank had to refrain its staff from trading cryptocurrency particularly during work hours. The overall growth and adoption of cryptocurrency market heavily relies on how Korean regulators treat it. An outright ban could be a major blow to the industry. However, the regulators seems to be taking a softer stance towards cryptocurrency and talks are being held over regulating ICOs in the country. If confirmed, this could be a huge boost and might even shoot up the prices the of cryptocurrencies globally. About CoinSwitch is the world’s largest cryptocurrency exchange aggregator. It provides exchange service of 300+ coins and over 45,000+ pairs from leading exchanges like KuCoin, Bittrex, Cryptopia, ShapeShift, Changelly, and Changer. It provides an easy way for users to trade coins across multiple exchanges based on price and reliability. CoinSwitch.co Please do write us to if you have any queries. support@coinswitch.co Join our to stay updated on new coin additions and other updates telegram group Happy Switching :)

INSIDE KOREA’S CRYPTOCURRENCY DRAMA: SUICIDE, DIVORCES AND BROKEN HOPES

LogX, a decentralized trading platform, has announced that it has raised $4 million in its latest funding round, bringing its total capital to $10.1 million. The platform, known for its rapid growth, has hit a major milestone by surpassing $20 billion in trading volume in just ten months since its launch. LogX Network is the first on-chain consumer Super App, providing a seamless trading experience for perpetual markets, leveraged prediction markets, and more. The platform is powered by Arbitrum, Hyperlane, and AltLayer.' The recent funding round attracted significant interest from major Web3 investors, including Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital. Several prominent angel investors also participated, such as Charles and Verity from Espresso Systems, and Ryan Lee, CEO of Orderly Network. This latest round follows an earlier $6.1 million seed round, which saw backing from well-known investors like Coinbase Ventures, Sequoia Capital, IOSG, GFC Global Founders, MSA, and Better Capital. Akshit Bordia, Founder of LogX, expressed his gratitude and outlined the platform’s future trajectory. “These latest milestones are a testament to the unwavering trust from our financial backers, partners, and, most importantly, our loyal users,” Bordia stated. “With the capital we’ve raised, our mission is to scale our product line and introduce leveraged prediction markets across 50+ blockchains.” The new funding will primarily fuel LogX’s expansion into leveraged prediction markets, a significant enhancement that will enable users to engage in more sophisticated trading strategies. By leveraging prediction markets across over 50 blockchains, LogX aims to provide unparalleled flexibility and opportunities for traders within the decentralized ecosystem. Moreover, LogX is set to make its debut on the TON blockchain later this year, a move that is expected to bring prediction market trading to an additional 100 million users. This expansion underscores LogX’s commitment to broadening its reach and enhancing the trading capabilities available to its global user base. “These achievements reflect the strong support from our financial backers, partners, and, most importantly, our dedicated users,” said Akshit Bordia, Founder of LogX. “With the new capital, we aim to scale our product line and introduce leveraged prediction markets across more than 50 blockchains.” Since launching in July 2023, LogX has experienced remarkable growth, attracting over 1 million users and achieving over $20 billion in trading volume. The company plans to use the fresh funds to expand its offerings, with a focus on leveraged prediction markets. Additionally, LogX is set to debut on the TON blockchain later this year, bringing prediction market trading to over 100 million users. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR LogX , a decentralized trading platform, has announced that it has raised $4 million in its latest funding round, bringing its total capital to $10.1 million. The platform, known for its rapid growth, has hit a major milestone by surpassing $20 billion in trading volume in just ten months since its launch. LogX LogX Network is the first on-chain consumer Super App, providing a seamless trading experience for perpetual markets, leveraged prediction markets, and more. The platform is powered by Arbitrum, Hyperlane, and AltLayer.' LogX LogX The recent funding round attracted significant interest from major Web3 investors, including Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital. Several prominent angel investors also participated, such as Charles and Verity from Espresso Systems, and Ryan Lee, CEO of Orderly Network. This latest round follows an earlier $6.1 million seed round, which saw backing from well-known investors like Coinbase Ventures, Sequoia Capital, IOSG, GFC Global Founders, MSA, and Better Capital. Akshit Bordia, Founder of LogX, expressed his gratitude and outlined the platform’s future trajectory. “These latest milestones are a testament to the unwavering trust from our financial backers, partners, and, most importantly, our loyal users,” Bordia stated. “With the capital we’ve raised, our mission is to scale our product line and introduce leveraged prediction markets across 50+ blockchains.” The new funding will primarily fuel LogX’s expansion into leveraged prediction markets, a significant enhancement that will enable users to engage in more sophisticated trading strategies. By leveraging prediction markets across over 50 blockchains, LogX aims to provide unparalleled flexibility and opportunities for traders within the decentralized ecosystem. Moreover, LogX is set to make its debut on the TON blockchain later this year, a move that is expected to bring prediction market trading to an additional 100 million users. This expansion underscores LogX’s commitment to broadening its reach and enhancing the trading capabilities available to its global user base. “These achievements reflect the strong support from our financial backers, partners, and, most importantly, our dedicated users,” said Akshit Bordia, Founder of LogX. “With the new capital, we aim to scale our product line and introduce leveraged prediction markets across more than 50 blockchains.” Since launching in July 2023, LogX has experienced remarkable growth, attracting over 1 million users and achieving over $20 billion in trading volume. The company plans to use the fresh funds to expand its offerings, with a focus on leveraged prediction markets. Additionally, LogX is set to debut on the TON blockchain later this year, bringing prediction market trading to over 100 million users. LogX LogX Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

LogX Hits $20B Volume Milestone, Expands with Fresh $4M in Funding

LogX ukax $20B Volumen Hito ukar puri, Fresh $4M Qullqichawimp jilxattayi

LogX достигна крайъгълен камък от $20 милиарда, разширява се с нови $4 милиона финансиране

LogX $20B ভলিউম মাইলস্টোন হিট করে, নতুন $4M ফান্ডিং সহ প্রসারিত

LogX dosáhl objemového milníku 20 miliard dolarů, rozšiřuje se s čerstvými 4 miliony dolarů ve financování

Το LogX έφτασε στο ορόσημο όγκου 20 δισεκατομμυρίων $, επεκτείνεται με νέα χρηματοδότηση 4 εκατομμυρίων $

LogX alcanza un volumen récord de 20 mil millones de dólares y se expande con una nueva financiación de 4 millones de dólares

LogX dostiže 20 milijardi dolara količine, širi se s novih 4 milijuna dolara financiranja

LogX-ը հասնում է $20 մլրդ ծավալի նշաձողի, ընդլայնվում է թարմ $4 մլն ֆինանսավորմամբ

LogX が 200 億ドルの取引量を達成、新たに 400 万ドルの資金調達で事業を拡大

LogX sasniedz 20 miljardu dolāru lielu pavērsienu, paplašinās ar 4 miljonu dolāru finansējumu

LogX достигает отметки в 20 млрд долларов и расширяется за счет новых инвестиций в размере 4 млн долларов

LogX yakubise $ 20B Umubare wibanze, Yaguka hamwe na $ 4M nshya mu gutera inkunga

This July, India was the center of crypto media attention. This is due to two reasons: the WazirX $230 million hack and new movements in the local crypto regulation landscape. But the basic thesis of why India is important for the global crypto landscape is much simpler. With more than 1.4 billion citizens, India is the country with the biggest population, where crypto regulation and rules for VASPs already exist. There are different numbers describing the number of crypto users in India. KuCoin estimates the number of crypto users in the country at 115 million in 2022 and Tripple A at 97.5 million. Unlike China, India has crypto regulations, which makes crypto exchange legal in the country. Announced upgrades of local regulations may influence the global crypto industry. WazirX hack Unauthorized criminals hacked the multisig wallet belonging to the biggest local exchange, WazirX, on July 18th. The stolen $230 million amounted to approximately 45% of WazirX's reserves. $100 million of it was in Shiba Inu, and $52 mln was in Ethereum. Short notice about the hack was published in the company’s blog. This demonstrates a lack of security in WazirX's tech infrastructure or its crypto custody provider, Liminal. Both sides were quick to blame each other, which seems strange, considering WazirX is the most well-known crypto exchange in India. This occasion also proves that local crypto regulations need to be developed. For instance, in South Korea, such a hack will be impossible - based on local legislation crypto exchanges should store their funds not multisig, but cold wallets. As for the hack itself, it has been linked to hackers from North Korea, according to Elliptic’s investigation. Regulation Updates Bharat Web3 Association (BWA) proposed an initiative to reduce TDS tax from 1% to 0,01%. Despite that this month the Indian government has remained TDS unchanged. This came to light after the publication of the budget with the new composition of the Narendra Modi government. Also this month Economic Affairs Secretary Ajay Seth announced new crypto regulation guidelines.  Based on his speech cryptocurrencies in India are “regulated from the perspective of AML alone”. The secretary claims that “it cannot be beyond that” and the new “policy stance will come out in the discussion paper”. According to his assumption the final document will be published in September. Co-founder of another local crypto exchange CoinDCX Sumit Gupta has appreciated this initiative and сalled the government to work together on the topic. Current Regulation Approach According to local AML/CFT rules crypto entities need to register as Virtual Digital Asset Providers (VDA). Based on press release issued by Finance Ministry 28 entities were registered as VDA providers in the end of 2023 by the local Financial Intelligence Unit. These companies include Binance, Coin DCX, WazirX (Zanmai Labs), Coinswitch and Zebpay. Also the country has taxation procedures for crypto gains - CGT tax (30%) and TDS (1%) for every transaction regardless of its economic profit (or loss). If we talk about the other regulators, the RBI (Indian Central Bank) has probably the most damaging approach towards crypto and marks them as a threat to financial stability. At the same time, the SEBI (local SEC) is also implementing a number of initiatives to legalize crypto trading in the country. What can change? It looks like current issues of crypto regulations in India such as high taxation and WazirX hack, may be compared to the state of crypto regulations in Japan and South Korea several years ago. These countries also had a series of hacks that forced regulators to tighten their approach to funds storage. Also, Japan had a high taxation for crypto entities and individuals, but now it's changing its regulation approach. As I think development of crypto regulations in India may go by the same scenario like in Japan in the field of taxation and customer security. Although India has regulations for crypto exchange, it doesn't have clear regulations for some other type of VASPs including investment activity and crypto derivatives (such as ETFs). May be next year operations with crypto for investment companies will be included in the new crypto regulation framework. This is quite possible based on the current SEBI's approach. Also, no crypto cards are currently issued in India. Based on the RBI's current position, crypto cards may be referred as a threat to financial stability, because they allow crypto payments. It's different in the US and European Union. Crypto card issuers can operate there, and this market is transparent for regulators, business, and customers. Legalizing crypto cards and ETFs in India may take more time than next year. However, in the medium term (next year), the country will likely adopt proper guidelines and licensing procedures for exchanges, custodians, and crypto funds. Conclusion India is now almost as big in crypto as China and one of the fastest growing economies on the planet. So, we will continue to watch closely how the rules for crypto business are changing there. Despite the existing challenges, this jurisdiction has great potential. If you are interested in getting more crypto regulation insights, you can watch the global crypto regulation ratinghere and get updates on my Telegram channel. This July, India was the center of crypto media attention. This is due to two reasons: the WazirX $230 million hack and new movements in the local crypto regulation landscape. But the basic thesis of why India is important for the global crypto landscape is much simpler. With more than 1.4 billion citizens, India is the country with the biggest population, where crypto regulation and rules for VASPs already exist. There are different numbers describing the number of crypto users in India. KuCoin estimates the number of crypto users in the country at 115 million in 2022 and Tripple A at 97.5 million. Unlike China, India has crypto regulations, which makes crypto exchange legal in the country. Announced upgrades of local regulations may influence the global crypto industry. WazirX hack WazirX hack Unauthorized criminals hacked the multisig wallet belonging to the biggest local exchange, WazirX, on July 18th. The stolen $230 million amounted to approximately 45% of WazirX's reserves. $100 million of it was in Shiba Inu, and $52 mln was in Ethereum. Short notice about the hack was published in the company’s blog . company’s blog company’s blog This demonstrates a lack of security in WazirX's tech infrastructure or its crypto custody provider, Liminal. Both sides were quick to blame each other, which seems strange, considering WazirX is the most well-known crypto exchange in India. This occasion also proves that local crypto regulations need to be developed. For instance, in South Korea, such a hack will be impossible - based on local legislation crypto exchanges should store their funds not multisig, but cold wallets. As for the hack itself, it has been linked to hackers from North Korea, according to Elliptic’s investigation . Elliptic’s investigation Elliptic’s investigation Regulation Updates Regulation Updates Bharat Web3 Association (BWA) proposed an initiative to reduce TDS tax from 1% to 0,01%. Despite that this month the Indian government has remained TDS unchanged. This came to light after the publication of the budget with the new composition of the Narendra Modi government. remained remained Also this month Economic Affairs Secretary Ajay Seth announced new crypto regulation guidelines.  Based on his speech cryptocurrencies in India are “regulated from the perspective of AML alone”. The secretary claims that “it cannot be beyond that” and the new “policy stance will come out in the discussion paper”. According to his assumption the final document will be published in September. Co-founder of another local crypto exchange CoinDCX Sumit Gupta has appreciated this initiative and сalled the government to work together on the topic. announced Current Regulation Approach Current Regulation Approach According to local AML/CFT rules crypto entities need to register as Virtual Digital Asset Providers (VDA). Based on press release issued by Finance Ministry 28 entities were registered as VDA providers in the end of 2023 by the local Financial Intelligence Unit. These companies include Binance, Coin DCX, WazirX (Zanmai Labs), Coinswitch and Zebpay. registered Also the country has taxation procedures for crypto gains - CGT tax (30%) and TDS (1%) for every transaction regardless of its economic profit (or loss). If we talk about the other regulators, the RBI (Indian Central Bank) has probably the most damaging approach towards crypto and marks them as a threat to financial stability. At the same time, the SEBI (local SEC) is also implementing a number of initiatives to legalize crypto trading in the country. What can change? What can change? It looks like current issues of crypto regulations in India such as high taxation and WazirX hack, may be compared to the state of crypto regulations in Japan and South Korea several years ago. These countries also had a series of hacks that forced regulators to tighten their approach to funds storage. Also, Japan had a high taxation for crypto entities and individuals, but now it's changing its regulation approach. As I think development of crypto regulations in India may go by the same scenario like in Japan in the field of taxation and customer security. Although India has regulations for crypto exchange, it doesn't have clear regulations for some other type of VASPs including investment activity and crypto derivatives (such as ETFs). May be next year operations with crypto for investment companies will be included in the new crypto regulation framework. This is quite possible based on the current SEBI's approach. Also, no crypto cards are currently issued in India. Based on the RBI's current position, crypto cards may be referred as a threat to financial stability, because they allow crypto payments. It's different in the US and European Union. Crypto card issuers can operate there, and this market is transparent for regulators, business, and customers. Legalizing crypto cards and ETFs in India may take more time than next year. However, in the medium term (next year), the country will likely adopt proper guidelines and licensing procedures for exchanges, custodians, and crypto funds. Conclusion India is now almost as big in crypto as China and one of the fastest growing economies on the planet. So, we will continue to watch closely how the rules for crypto business are changing there. Despite the existing challenges, this jurisdiction has great potential. If you are interested in getting more crypto regulation insights, you can watch the global crypto regulation rating here and get updates on my Telegram channel . here Telegram channel

India: the Biggest Crypto Market Enables New Regulations Soon

ভারত: সবচেয়ে বড় ক্রিপ্টো বাজার শীঘ্রই নতুন নিয়ম চালু করে

Indien: Der größte Kryptomarkt ermöglicht bald neue Vorschriften

India: el mercado criptográfico más grande permitirá nuevas regulaciones pronto

Inde : le plus grand marché de la cryptographie permettra bientôt de nouvelles réglementations

भारत: सबसे बड़ा क्रिप्टो बाज़ार जल्द ही नए नियम लागू करेगा

インド：最大の暗号通貨市場がまもなく新たな規制を導入

인도: 가장 큰 암호화폐 시장이 곧 새로운 규제를 가능하게 합니다

Índia: o maior mercado cripto permite novas regulamentações em breve

Индия: крупнейший рынок криптовалют скоро введет новые правила

Hindistan: En Büyük Kripto Piyasası Yakında Yeni Düzenlemelere İzin Verecek

Ấn Độ: Thị trường tiền điện tử lớn nhất sẽ sớm cho phép các quy định mới

印度：最大的加密货币市场即将实施新法规

295 Stories To Learn About Cryptocurrency

(IBW), the country’s flagship series of blockchain and Web3 events held in Bangalore from Dec.4-10, is delighted to announce that the attendees are going to have unparalleled opportunities for networking, collaboration, and discussion at the weeklong festival. BANGALORE, India, November 29th, 2023/Chainwire/-- India Blockchain Week There will be over 60 conferences, hackathons, networking events, workshops, a demo day and more. The IBW will be a platform where blockchain builders, investors, TradFi executives, policymakers, and crypto-curious newcomers from India and around the world come together to discover the future of DeFi, crypto, dApps, and explore the impact of Web3 on finance and culture. IBW presents an unparalleled gateway for participants to engage with their most-admired thought leaders, experts and influencers in the blockchain ecosystem. For Web3 companies, this is a unique opportunity to engage with emerging talent, participate in the IBW Demo Day and Hackathon, attract new developers to the blockchain arena, and expand the ecosystem in India. Besides the IBW VIP Dinner, IBW After Party, and Hashed Founders Night organized by IBW and Hashed Emergent, here are some of the key highlights of the industry gathering: : Hosted on Dec.6-7, 2023 at the Sheraton Grand Whitefield, it features keynote speeches and panel discussions on the latest developments and opportunities in the web3 space, and examining the policy landscape. The headline conference also includes a demo day and a hackathon. IBW’23 Conference : The Demo-Day will be held on 7th December from 2-6 PM to spotlight 12 notable Indian Web3 startups at the IBW'23 Conference venue. This 4-hour demo day will cater to the broad audience  including investors, founders, builders and others. It is organized in partnership with elite companies, VC funds and accelerators including Aelf Ventures, Hashed Emergent, Graviton, Coinswitch, and Google Cloud. Demo Day Hackathon: The virtual hackathon on Dec.6 is expected to see the participation of over 2,500  enthusiastic individuals. Organized by IBW and HackerEarth, the hackathon will conclude on a 250-member stage at the IBW'23 Conference venue. : Organized by Devfolio and ETHGlobal from Dec.8-10, it is one of the world's largest Ethereum hackathons, hosting over 1,500 builders and 25+ workshops. ETHIndia : Set for Dec.7, Polygon Connect India is the celebration of this region’s leg of DevX Global Tour, a global gathering of tech builders and innovators. Polygon Connect : Another prominent side-event on Dec.7. It's a one-day conference filled with Polkadot innovations, thought-provoking conversations, and community gathering. Polkadot Pulse : ​The Indian edition of Filecoin’s global event series. Spanning across Dec.3-4, it focuses on providing developers the tools, resources and guidance to build for the decentralized future. FILBangalore : Organized by ETHGlobal, Pragma is a one-day, single-track summit with intimate, high-quality talks by industry leaders for a global audience. Pragma India : Powered by STAN, it’s an exclusive journey into the thrilling realm of Web3 Gaming! This event unites industry leaders, developers, and passionate Web3 enthusiasts to discuss groundbreaking ways of forging connections and creating value in Web3 Gaming. Confirmed speakers are Sebastian Borget from The Sandbox, Vinayak Rao from Aptos, Neeraj Khandelwal from Okto, Parth Chadha from STAN and more. IBW Gaming Mixer Here’s the . With over 60 registered side events, attendees can expect a week brimming with engagement and insight. IBW has also onboarded the popular NFT artist Punk6529 as the official NFT Art Partner. Artworks from the Memes by 6529 and the 6529 Museum collections will be displayed at the event. full list of side events The IBW organizers would like to thank the sponsors for their help in making it the most important event in the country for conversations about crypto, blockchain, and Web3. Avalanche is IBW’s top-flight title sponsor while the roster of gold sponsors includes Polkadot, Internet Computer, Glip, Ledger, Aptos and Hunch. The silver sponsors are Bharatbox, Saber, FireDrops, dYdX, Supra, Orbs, Zoth, Persona, Berachain, and Shemaroo. About India Blockchain Week (IBW) India Blockchain Week (IBW) is a series of blockchain and web3 events, spanning from 4-10 December 2023 across Bangalore, India. IBW is a week-long array of 60+ web3 events, including flagship events such as the headline IBW Conference, ETHIndia, Polygon Connect, Polkadot Pulse, FILBangalore and many other side-events, networking events, workshops, parties etc hosted by Indian & global blockchain industry stakeholders. The IBW Conference is the two-day headline event anchoring India Blockchain Week (IBW) on 6-7 December 2023 at the Sheraton Grand, Bangalore and hosted by Hashed Emergent - a team and brand dedicated to accelerating the mass adoption of Web3 in India. Buy Tickets Discover Sponsors Check out FAQ For more information about IBW, visit: | | | Website Twitter LinkedIn Telegram Contact Irshad Ahmed gm@indiablockchainweek.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program . here

India Blockchain Week Gears Up For The Country’s Biggest Web3 Gathering With Over 60 Side Events

Did you know that a lot of people engage in cryptocurrency because of FOMO? Well, yes! It is a fact that the had rapid growth and generated lots of interest including FOMO which is the Fear of Missing Out, such that even small investors and traders went into the industry, and acknowledged the hype that came with it. crypto industry Certainly, at a point in time, there was a huge surge of crypto that made the industry well known and attracted investors and traders. This made some major investors see crypto as a promising industry which led to its maturity. Due to its growth, the crypto industry has come to stay and even built up different niches in which investors and traders can specialize. What are Crypto Niches? Crypto niches are the growth of emerging sectors in the crypto industry that have contributed to its growth and value. Several factors have significantly improved the crypto niche irrespective of the miscommunication of being a pyramid scheme it had at the onset. One of the is the emergence of the truth, facts, and statistics that come with it. People are now awakening to the truths and information about the crypto industry which has its niches embedded. They are quick to ask questions from crypto experts and eager to learn about the industry and explore the positive impact of the finance world. factors that led to the growth of the crypto industry Another factor is that quite a percentage of systems have been put in place to link the crypto and corporate worlds, some examples are Coinbase, Binance, Coinswitch, eToro, and so on. These systems have provided different services that can help traders or corporations to understand and invest in cryptocurrencies. Talking about investment, Decentralized Finance (DeFi) is one of the major crypto niches that has brought about lots of benefits to the crypto industry, such as giving users the ability to control their transactions with a very fast velocity and also giving them privacy using an outstanding level of security. Non-Fungible Tokens (NFTs) are not to be left out in the contribution to the growth of the crypto industry. As a result of its distinct functionality, NFT can tokenize tangible assets and allow the effective process of trading them. It also benefits users by giving them a unique identity and rights to their digital assets. Top Crypto Niches and Projects Here, this article will also consider the notable projects in each crypto niche and the impact they have had in their respective sector. Specifically, the list includes eight (8) major Crypto niches in the industry: 1. Crypto Exchange: Binance Crypto exchange is a crypto trading platform where you buy or sell or trade cryptocurrency or digital currencies. There are lots of Crypto exchanges in the market that give room for the exchange and conversion of cryptocurrencies for other cryptocurrencies or cryptocurrency to your regular currency like the US Dollar, which you can also use to buy a cryptocurrency. Some include Binance, eToro, CoinEgg, and so on. Let's take a look at Binance. is one of the world's largest crypto exchanges in the industry and it offers low fees across all trading platforms with an outstanding cybersecurity infrastructure. Presently, this project in crypto exchange is the largest and the most popular digital asset exchange today concerning its developed policies and competitive nature. Binance Also ensure that before you choose a crypto exchange, you check out the following measures; Security Accessibility Liquidity Coins used Exchange fee Storage Educational tools 2. DeFi: PancakeSwap DeFi otherwise known as Decentralized Finance, is a well-segmented crypto niche that also has an impact on the web3 industry such that it uses crypto to create an open and direct interaction with another, in the end achieving a decentralized financial system with the help of blockchain technology, that hinders any form of control from the central banks to monitor all of this transaction activity. There is no doubt that the gave rise to yield farming which is the radical nature of DeFi and has helped clarify the role of crypto in the future of finance. DeFi craze of 2020 A major project of the DeFi crypto niche is , and it has been able to deliver value to billions of users on its decentralized platform. PancakeSwap does not allow any middleman to be involved in the exchange of coins or tokens. This platform also offers liquidity to traders that have been provided by investors into the liquidity pool. PancakeSwap 3. Web3 Wallet: Metamask Web3 is a new wave of technology that has set out to disrupt different industries with its involvement with blockchain technology, artificial intelligence, and also machine learning. This in turn brought about the web3 wallet that is otherwise known to be similar to a typical crypto wallet but they give access to the web3 space and also allows you to receive, buy, send or store crypto. is one of the platforms that makes that possible by delivering a user-friendly platform with enhanced security. Users of this platform can save Ethereum because it is an Ethereum-based blockchain. You have absolute control over your transactions and can connect to other decentralized apps. Metamask 4. NFT: BAYC NFT otherwise known as Non-Fungible Token has been seen all over the world at an extremely fast speed, talking about seeing pictures of apes being sold for millions of dollars. One unique property of the NFT is that it is non-fungible which means that each NFT is one of a kind and used to trade another unique NFT. This process can be done through social media platforms, blogs, various forums, and even NFT communities, the digital arts have been sold across many countries. NFT is a unique type of NFT because it is an NFT symbol that represents its owner's status. The owners also have a membership in a Bored Ape Yacht Club (BAYC), which benefits them in several ways like celebrity involvement, a utility for members to use for play-to-earn games, or to stake an NFT in exchange for crypto. BAYC 5. Crypto Gaming: The Sandbox Crypto gaming is different from traditional gaming because it uses blockchain technology which allows players to use their rewards and assets across different crypto gaming platforms. It also allows players to earn crypto tokens while they play, this makes the gaming industry more significant. For example, the is a play-to-earn game that is done on a decentralized platform where players are allowed to buy, sell and trade digital assets. These assets can be used in several crypto gaming platforms due to the Blockchain technology associated with them. Most importantly, players can earn money while playing the crypto games. Sandbox 6. Crypto Development Company: ConsenSys A crypto development company helps you to develop your cryptocurrency like Bitcoin with the use of blockchain technology. Apart from that, they provide other crypto development services with the help of crypto developers. A Crypto development company like provides solutions to asset management, digital currencies, and global trade. They also help you to launch whatever crypto asset you want. Consesys Other functions of Crypto Development Company are; Develop new cryptocurrency Cost-effective launch Consistent collaboration Flexible pricing options Crypto consultation 7. Crypto Marketing Company: X10 Agency A Crypto marketing agency is a digital agency that assists crypto projects to create brand awareness, community management, and sales of digital currencies. The growth of the crypto industry has also been impacted by the help of individuals and teams, who never relent in marketing crypto projects to other users, investors, and customers. Crypto marketing agencies specialize in; Building thriving crypto communities and boosting the market visibility of crypto projects. Influencer marketing Social media marketing PR Tokenomics and other documentation A prominent platform that has topped in this regard is .  X10 Agency, as one of the best-known companies in this field since 2017, provides services for projects that plan to build, trade, promote, or manage crypto or fintech brands, including divisions dedicated to promoting NFT, Play2Earn, and other Web3 projects creatively, with the view of the competitive industry. X10 Agency 8. Crypto Media: Coindesk This is one of the greatest niches that crypto-journalists work in and without mincing words the importance of crypto media houses cannot be overemphasized. It is through these platforms that the recent, current, and forthcoming news on cryptocurrency and blockchain. The crypto media have persistently administered unbiased alternatives going against the one-sidedness of traditional media networks, especially when covering crypto-related topics or news. One of the reliable sources in this important sector is . The news platform has remained the go-to website for anyone looking to access instant, factual, and quality news on crypto and digital currencies. Coindesk In Conclusion In a very competitive industry, you must choose the niche that would help your crypto business or brand thrive well. The niches and projects that have been listed and briefly explained have been able to become the best in the Crypto industry due to doing what they know how to do best. Overall, it is an unchanged fact that the Crypto industry is based on blockchain technology and this has made all transactions made to be secure without any restriction. The industry has also paved the way in helping users, investors, and traders to make a good living from it just as long as they create value and trade value.

Top 8 Crypto Projects That Have a Significant Impact on the Web3 Industry

Blockchain, the technology behind cryptocurrencies, is creating a plethora of opportunities for job seekers. Both students and seasoned tech professionals have opportunities to carve a career in this consistently growing technology. For tech professionals who lost their job during this pandemic, the technology offers a respite from a large number of job vacancies around the world. In India, Naukri.com, a web-based Job portal, currently reveals 20,500 blockchain-related jobs, upon looking up the keyword blockchain. Similarly, LinkedIn India shows 900 blockchain jobs upon search. A LinkedIn report, reveals blockchain as a hard skill in high demand, beating cloud computing skills, artificial intelligence, and cybersecurity, which were the most in-demand skills in 2019. What’s more, job opportunities are expected to grow further after the Supreme Court lifted the ban on cryptocurrencies in India this year. Several prominent blockchain start-ups have come up and many more are flourishing in the space. What is blockchain technology? ** **is a distributed ledger technology (DLT) that allows businesses to create a tamper-proof decentralized data network. Supply chain, fin-tech, banking, retail, and many other industries are using technology to create more transparency in business operations Perr increases the efficiency of the business processes. The adoption of technology across financial institutions has grown significantly, accelerating the pace of banking operations. Cross-border payments are cheaper and faster due to the elimination of middle services. Food all which earlier would take a week now can take place in less than a  minute giving supply chain companies more control. Blockchain Growth of the blockchain industry Both blockchain-based applications (Dapps) and cryptocurrencies are growing around the world. According to Statista, spending on blockchain technology solutions may reach up to $15.9 billion by 2023. Cryptocurrency exchanges are growing phenomenally. WazirX, CoinDCX, and CoinSwitch are a few exchanges that are leading the growth of the cryptocurrency market. As the cryptocurrency market matures, demand for new roles like blockchain engineers, crypto community managers, etc. is increasing as well. This is a good time for students or anyone who wants to start a tech career. The supply of blockchain talent is short in the Indian market. Demand for blockchain professionals After the Supreme Court lifted the ban on cryptocurrencies, cryptocurrency exchanges have grown in the industry. Hiring across blockchain-based products and cryptocurrencies is witnessing a spurt. Blockchain technology is relatively new in the industry, which is making it challenging for employers to find skilled talent. Companies are struggling to find talent that meets their needs. Nischal Shetty, Founder of WazirX, a Mumbai-based cryptocurrency exchange, says “We’re actively hiring in India to fuel our growth. Though the demand is high, skills in blockchain and cryptocurrencies don’t exist in India.” The lifting of the ban on cryptocurrency will accelerate the growth of the industry and will give rise to new job roles. Blockchain engineers, community managers, and crypto economists are a few roles that will see a spurt of demand, adds Sumit Gupta, Cofounder, and CEO, of CoinDCX, a Mumbai-based cryptocurrency exchange. Start-ups are collaborating with ed-tech start-ups to impart requisite skills and develop the talent required by the company. Blockchain Certifications, training, and courses have grown to meet the demand for upskilling. Wazir X, for instance, has partnered with five ed-tech companies including Indian Blockchain Institute, Corum8, Zubi, Qualki Academy, and Inbox Academy to offer training to meet its demand for blockchain professionals. Many start-ups are educating students at universities and colleges to propagate knowledge of blockchain technology via webinars and workshops, to spread awareness and pique interest among the students. Worldwide, CBCA (Central Blockchain Council of America), Blockchain Council, and other blockchain professional certification institutes have emerged to offer skill development programs to excel in a blockchain career.

Blockchain Creates New Career Opportunities

The Rise of Social Media based Crypto in India , a decentralised short video platform, is launching a mobile app on Google Play Store and Apple App Store, integrating the native $GARI token issued on the Solana blockchain. The Chingari app has more than 100 million downloads. The app launch came after the Chingari community's successful test net launch last month. According to the team's announcement, the short video-making software will introduce an in-app wallet using $GARI as the primary token in the ecosystem. Chingari Chingari, often known as the "Indian Tiktok," intends to redefine the content production scene on its platform to integrate the app's millions of daily users to the Solana blockchain. As the primary Chingari ecosystem token, $GARI will enable users to 'tip' and 'boost' their favourite content creators' profiles and content on the Chingari app. Users may also use their in-app wallets to deposit and withdraw $GARI, as well as trade the token on some of the world's top cryptocurrency exchanges. Sumit Ghosh, CEO and Co-founder of Chingari, commented on the recent integration of the in-app $GARI wallet, saying, When millions of people experience GARI integration in the Chingari App, it will be a game-changer. Existing and new users will be able to Tip other artists, raise their profile, obtain governance powers, and utilise various other app features. As a result, we're moving closer to being a project with the most on-chain users. We're really thrilled to debut Chingari's in-app wallet and provide customers with a redesigned app that's jam-packed with features. Last week, the $GARI token became the first cryptocurrency to be listed on several controlled and decentralised exchanges simultaneously. FTX, Kucoin, Huobi, , OKEx, and MEXC Global are among the exchanges that have listed the token. Surprisingly, little than a day after the simultaneous launch, $GARI trade volumes surpassed $100 million. Gate.io $GARI was released in October 2021 to considerable hoopla and media attention. A Bollywood star turned brand ambassador, Salman Khan, joined the launch celebration, presenting the app and token to new audiences and markets. In December, $GARI released a testnet version of the redesigned Chingari app with an in-app wallet to its community. More than 500 members took part in the beta testing of the programme by activating wallets and transferring $GARI tokens to one another. The $GARI coin might see unmatched demand from the crypto world, with the Chingari app having over 100 million downloads. Regardless, the app aims to promote low-cost, quick on-chain transactions. It is introducing $GARI as an SPL token on the Solana network. The $GARI network will launch a video NFT marketplace on the Chingari app next quarter. On Chingari, India's top video-sharing social media mobile app with 35 million+ Monthly Active Users, the Network intends to create a crypto-powered creative economy. Users of the Chingari app will build sub-economies inside the platform with the introduction of the $GARI ecosystem, ushering in a new Web 3 metaverse in the video production business. Content producers will be able to engage with their audience, sell items, and mint unique short movies as NFTs as a result of this. Finally, the platform's economic environment encourages curation by compensating the best content providers for their efforts and users for viewing and sharing videos. The Rise of Crypto in India Indians now own crypto assets worth $5.3 billion. Initially, they focused on Bitcoin, the world's first and most popular cryptocurrency. They then moved to Ethereum and began experimenting with alternatives (alt) currencies such as Solana, Polygon, and Terraluna and stable coins such as Tether. Consequently, the number of users and transaction volumes on crypto platforms reached new highs. CoinSwitch Kuber, India's largest crypto broking platform, saw a 3,500 percent increase in transaction volumes, reaching 14 million. According to a survey by cryptocurrency research company Chainalysis, India's crypto industry grew by 641 percent between July 2020 and June 2021, making it one of the world's fastest-growing. The government is now working on a crypto law. However, because of the complicated nature of crypto exchanges, the rules may be postponed. Cryptocurrency experts and exchange owners predict that quick fintech improvements and increased usage would soon increase the number of Indians investing in cryptocurrencies. In reality, soaring virtual coin transaction volumes and a growing number of retail players have prompted some of the world's major cryptocurrency exchanges to invest in India. While the cryptocurrency ecosystem in India remains unknown, global coin exchanges have found it difficult to ignore the potential for development in a nation with a population of 1.3 billion people. Catch all the breaking news, and Don’t forget to like the story! Image credits: , . Eaters Collective Sylwia Bartyzel

Stories, News & Mentions about COINSWITCH

Coinswitch’s Stories on HackerNoon

Coinswitch's News & Mentions