My first exposure to blockchain technology was at one of the blockchain conferences held in 2016 in Dubai. Being based out of Dubai, you always happen to have access to some of the most exciting technology applications. While reading in the news about the technology, I came across a senior executive’s quote from Dubai Blockchain Centre, this piqued my curiosity and I started to look further into it. The advantages…
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Essentially after the Supreme Court Judgment it appears, there is still need to develop more technical literature on the subject matter and therein lies an open opportunity to reBuild, reEducate, reIgnite, reMeet, reLearn from the previous experiences of successes and failures and build a more robust and engaging environment for non traders to enter, student to experience and tech enthusiasts to build in this Industry. The 2 year long skeptical…
Today was indeed a monumental day for the crypto community in India as Supreme Court squashed the 2018 RBI circular as it fails the Test of Proportionality. This circular had prevented crypto exchanges from opening bank accounts to accept or make customer deposits. Reeling under this pressure a number of exchanges had shut their shop as they couldn’t accept deposits from their customers who wanted to buy/sell cryptocurrency. Now, following the SC order, we should witness a sea of new crypto exchanges come up in India that would allow direct…
Earlier in June, Facebook announced its ambitious cryptocurrency called Libra. Libra being termed as a cryptocurrency works on the same underlying technology as other cryptocurrencies, the blockchain. Despite being a cryptocurrency, it is to be noted that Libra has a lot of distinct features that are not seen on other cryptocurrencies. Libra is a permissioned blockchain, where transactions are validated by a consortium of giant corporate companies lead by Facebook,…
On Monday, July 22, India’s Ministry of Finance published the long-awaited crypto regulatory report under the chairmanship of Secretary of Economic Affairs Subhash Chandra Garg. After going through the 108-page report cover to cover, we feel the committee has done some really good work and spent immense time in understanding the subject. However, having said that the report has several glaring irregularities due to lack of relevant high technical knowledge on the…
This is the story of how a mechanical engineer got into Bitcoin & cryptocurrencies and became an editor at leading Crypto blog CoinSutra written by Sudhir Khatwani himself. Hey folks, My name is Sudhir Khatwani and I have been into cryptosphere full time since May 2017. Just like you, I too have a crypto story, and today I want to share mine with you! My motivation to write this story…
A lot of stress is going around in the Indian crypto space lately, mainly due to lack of proper communication from the government. Also, due to negative news about the possible ban. Before jumping directly on to the technical part of building and managing a crypto currency exchange in India, one must understand the actual regulatory stress for the founders of such a business. We must not forget that in…
Binance, world’s largest crypto exchange by adjusted volume, reported it was hacked on Tuesday, May 07, 2019. Hackers stole about 7000 BTC valued at over $41 million. “Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used” Binance announced The stolen…
While the concept of decentralised cryptocurrencies did not fare well with the Reserve Bank of India (RBI), the technology underlying cryptocurrencies – blockchain, has piqued the interest of governments across the country. In February 2018, the PMO India had tweeted – “Disruptive technologies such as Block-chain and the Internet of Things, will have a profound impact on the way we live and work. They will require rapid adaptation in our…
There’s no doubt that a cloud of FUD has been cast over the Indian crypto community due to the current lack of regulations and the possibility of unfavourable ones in the near future. Although the levels of enthusiasm for Blockchain technology and its ground-breaking applications remain high, its adoption continues to struggle owing to seemingly complex legalities. Unfortunately, more often than not, the perception of law is confused for the…