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Bittrex Global Halts Its Trading Operations Globally

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MoS of Electronics and IT Shri Rajeev Chandrasekhar to speak about the growing impact of emerging technologies in India’s digital aspirations as a Chief Guest & Speaker

New Delhi – 22 November 2023: India’s ascent to a global innovation epicenter is a testament of government initiatives such as AatmaNirbhar Bharat and ‘Make in India’, encouraging and driving the nation’s digital transformation. India’s digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape.

Celebrating this burgeoning ecosystem, the inaugural DATE (Digital Acceleration and Transformation Expo) is bringing together India’s most influential and innovative technology leaders, start-ups, investors, enterprise decision makers and policy makers, on 23rd and 24th November 2023 at the iconic Yashobhoomi (IICC Dwarka) in New Delhi.

Shri Yaduveer Krishnadatta Chamaraja Wadiyar, Chairperson of Cyberverse Foundation, a Strategic Partner of DATE, expressed, “With the support & participation of government leaders & policy makers like Finance Minister Smt. Nirmala Sitharaman, Minister of State Shri Rajeev Chandrasekhar, Shri Sanjeev Sanyal, Shri Tejasvi Surya and more, DATE plays a pivotal role in fostering government-industry relations, propelling India towards a digitally empowered future.”

Mohammed Saleem, Founder and Chairman of Trescon, added, “DATE signifies our dedication to catalyze India’s digital revolution. Uniting over 3000+ innovators and enthusiasts, 500+ investors, 100+ exhibitors and partners to listen to 100+ experts and policymakers, DATE encapsulates the core of India’s tech ambitions, steering India towards unparalleled economic progress, fostering a thriving ecosystem where technology meets opportunity.”

Naveen Bharadwaj, Group CEO of Trescon, while sharing his excitement about the event said, “DATE comes at a critical juncture when Indian GDP has surpassed $4 trillion and its thriving tech landscape is attracting global leaders to play a central role in India’s digital transformation journey. The presence and support of several government & private sector leaders who have personally spearheaded several nationally appealing initiatives marks the inaugural DATE as India’s most impactful B2B tech expo that will grow YOY.”

Amongst the notable names speaking at the event:

  • Shri Abhishek Singh, MD & CEO, Digital India Corporation (DIC), President & CEO, NeGD, CEO, Karamyogi Bharat, Government of India
  • Shri Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister (EAC-PM), Government of India
  • Shri Kamal Bali, President & Managing Director, Volvo Group in India; Chairman, Confederation of Indian Industry (Cll) – South India, Chairman, Swedish Chamber of Commerce India (SCCI)
  • Sanjiv Bajaj, Joint Chairman and Managing Director, Bajaj Capital

DATE is organised by Trescon in collaboration with partners like Cyberverse Foundation, Federation of Indian Chamber of Commerce and Industry (FICCI), Software Technology Park of India (STPI), Dubai International Financial Centre (DIFC), and other government and non-government organisations.

Initiatives like the regional finale of prestigious FinTech World Cup and Startup World Cup are a part of DATE, with the winners standing a chance to secure substantial funding and coveted global spots.

Join us in shaping a new chapter in India’s digital transformation journey. For further details, visit the official website: www.datewithtech.com.

The Digital Acceleration and Transformation Expo is supported by:

 

For further details about the announcement, please contact:

Nupur Aswani

Head – Media, PR and Corporate Communications, Trescon

+91 95559 15156 | [email protected]



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Cryptocurrency Market Update: Bitcoin Slips Below $70,000 Amidst High Liquidation

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In a swift turn of events, Bitcoin (BTC), the pioneering cryptocurrency, dropped below the $70,000 threshold early on Wednesday following a wave of investor sell-offs. Just a day prior, Bitcoin had crossed the $71,000 mark, but market sentiment swiftly shifted, dragging other major altcoins—including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC)—into the red zone.

According to CoinMarketCap data, the overall Market Fear & Greed Index stood at 75 (Greed) out of 100, indicating a mix of optimism and apprehension among traders. Notably, the Bittensor (TAO) token emerged as the top gainer with a remarkable 24-hour surge of over 7 percent, while dogwifhat (WIF) experienced the largest loss, plummeting nearly 16 percent.

Bitcoin (BTC) Price Update Bitcoin’s price tumbled to $69,089.01, marking a 24-hour dip of 3.05 percent, as reported by CoinMarketCap. On the Indian exchange WazirX, BTC was priced at Rs 60.93 lakh.

Other Major Cryptocurrencies Ethereum (ETH) saw a 24-hour loss of 4.81 percent, trading at $3,508.86, while Dogecoin (DOGE) registered a dip of 5.59 percent, currently priced at $0.1879. Litecoin (LTC) and Ripple (XRP) also experienced losses, with Solana (SOL) marking a 24-hour loss of 3.44 percent.

Top Gainers and Losers Bittensor (TAO) led the pack of gainers with a 7.30 percent surge, while dogwifhat (WIF) suffered the most significant loss, dropping by 15.58 percent.

Market Analysis and Expert Insights Experts weighed in on the market scenario, attributing Bitcoin’s downturn to heightened liquidations and cautious sentiment ahead of the upcoming US CPI data release. While Bitcoin’s immediate support rests at $67,700, resistance is expected at $70,400. Ethereum proponents face challenges amid hopes for an ETF approval, with the SEC providing limited updates on the matter.

Final Thoughts The cryptocurrency market remains highly dynamic, with prices fluctuating rapidly and investor sentiment playing a pivotal role. As the market navigates through volatility, it’s essential for investors to stay informed, exercise caution, and seek expert advice before making any investment decisions.

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Cryptocurrency: A Scapegoat for Foreign Policy Failures?

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Cryptocurrency has once again found itself at the center of a heated debate, this time regarding its alleged role in facilitating illicit activities and circumventing sanctions imposed by the United States. The Biden administration, in particular, has come under scrutiny for its handling of the issue, with some accusing it of using digital assets as a convenient scapegoat for broader foreign policy shortcomings.

In a recent hearing before the Senate Banking Committee, Deputy Treasury Secretary Wally Adeyemo raised concerns about the misuse of cryptocurrencies by foreign adversaries such as Iran, Russia, North Korea, and militant groups like Hamas. Adeyemo’s remarks underscored a growing unease within the U.S. government regarding the potential national security implications of unregulated digital currencies.

However, voices from within the cryptocurrency industry and Congress have pushed back against the administration’s narrative. Faryar Shirzad, Chief Policy Officer at Coinbase, one of the leading cryptocurrency exchanges, pointed out that the prevalence of illicit activity in the crypto space is relatively low compared to traditional finance. Instead of demonizing cryptocurrencies, Shirzad argued, the focus should be on targeting bad actors operating offshore.

Senator Tim Scott, the ranking Republican on the Senate Banking Committee, echoed these sentiments, accusing the Biden administration of using digital assets as a distraction from its failure to effectively combat financial flows to sanctioned entities. Scott’s criticism reflects broader skepticism among some lawmakers about the government’s approach to regulating cryptocurrencies.

One area of potential agreement between the Biden administration and the cryptocurrency industry is the need for clearer regulations governing stablecoins, a type of digital asset pegged to a fiat currency like the U.S. dollar. Both sides recognize the importance of addressing the potential risks associated with stablecoin issuance and usage, particularly in the context of national security and financial stability.

The debate over stablecoins has intensified following reports of their alleged role in facilitating illicit transactions, including those linked to Russia’s war effort in Ukraine. The Treasury Department has called for increased oversight of stablecoin issuers and transactions, while also advocating for legislation that would subject them to stricter regulatory standards.

Despite the contentious nature of the discussion, there are signs of bipartisan cooperation on certain aspects of cryptocurrency regulation. A bipartisan bill addressing stablecoin regulation passed the House Financial Services Committee last year, signaling a potential path forward for legislative action in this area.

As the debate over cryptocurrency regulation continues to unfold, it is clear that finding the right balance between innovation and security will be paramount. While concerns about illicit activity and national security must be addressed, policymakers must also recognize the potential benefits of cryptocurrencies in fostering financial inclusion and technological advancement.

Ultimately, the resolution of these issues will require thoughtful collaboration between government officials, industry stakeholders, and lawmakers to develop a regulatory framework that promotes innovation while safeguarding against misuse. Only through constructive dialogue and cooperation can we ensure that cryptocurrencies fulfill their potential as a force for positive change in the global economy.

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Bitcoin Resurgence: Why Wall Street Is Embracing the Crypto Revolution

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Andrew Pratt of Wiser Wealth Management in Marietta, Ga., finds little resistance as he proposes Bitcoin investments to his firm’s committee. With Bitcoin surging 140% in the past year and backed by giants like BlackRock, skepticism has waned. Pratt sees the potential to allocate a modest 1% of client portfolios to Bitcoin, acknowledging the limited downside risk compared to potential gains.

The debate over Bitcoin’s intrinsic value seems to have lost its relevance amidst its soaring market performance. Once dismissed, Bitcoin now boasts a market value of $1.3 trillion, driving the total crypto market to $2.5 trillion. Wall Street, once wary, now views cryptocurrency as an opportunity for profit rather than a speculative venture.

Despite lingering doubts about Bitcoin’s utility beyond speculation, Wall Street executives are increasingly supportive. BlackRock’s CEO, Larry Fink, notably reversed his stance, endorsing Bitcoin’s long-term prospects and championing the iShares Bitcoin Trust, now one of the largest Bitcoin ETFs with nearly $18 billion in assets.

While skepticism persists about Bitcoin’s status as a real asset or currency, its growing acceptance on Wall Street underscores the evolving landscape of finance. As institutions embrace cryptocurrencies, Bitcoin’s journey from pariah to portfolio asset highlights the transformative power of digital assets in reshaping traditional investment strategies.

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