Goldman Sachs Accuses Jaipur-based Bitman Sachs for Trademark Violation

The global investment banking company, Goldman Sachs, has announced that it is charging Bitman Sachs, a Jaipur-based cryptocurrency exchange, for violating their trademark name of Sachs and infringing intellectual property. The exchange, registered under Bitman Sachs LLP with a website called Bitsachs.com, has been warned of impending legal action that will be taken by US company Goldman Sachs.

Founder of Bitman Sachs, Ashish Agarwal, has reacted to the threatened lawsuit saying, “We are not using Goldman anywhere in our brand name and Sachs is a very common surname in Germany. So I don't know how this could be an infringement of intellectual property or trademark”.

Goldman Sachs defended the accusation saying that, “Sachs provides extensive financial services for clients in currency, cryptocurrency and blockchain technologies”. This means that both the financial company and the indian exchange are in the crypto investment and trading business. Bitman Sachs, relatively new, allows users to access different types of cryptocurrency, hold them simultaneously in their wallet, and exchange coins to currency on a peer-to-peer based platform. Popular coins like Bitcoin, Ethereum, Litecoin and Ripple can be purchased on Bitman Sachs exchange.

Agarwal claims that his exchange is drafting a reply in cooperation with their legal team. He also says that he was surprised to hear of the lawsuit and the notice, stating, “What is interesting is that Goldman Sachs and its analysts have been panning Bitcoins and cryptocurrencies but in the legal notice they claim they themselves have interest in the business. This is bit strange for someone like me who is a big believer in future of Bitcoins and cryptocurrencies”. Cryptocurrencies work on the basis of decentralised systems which is a major part of their appeal.

There was no no sign of any social media response by Bitman Sachs to the allegations and notice served that same morning. The chairman of Goldman Sachs, India, Sonjoy Chatterjee and its Asia Pacific spokesperson received no reply either. The notice was sent on February 21st by US law firm Andrews Kurth Kenyon to Bitman Sachs’ founder Ashish Agarwal.

In the notice the following was stated as the misdoing on Bitman Sachs’ part, “The infringing mark is confusingly similar to Goldman Sachs Mark, as is also partially evidenced by your use of a company name that copies the ‘Man Sachs’ name. This was clearly intended to draw association with Goldman Sachs”.

One of the main reasons for the concern of similar sounding names is that Goldman believes that their clients may be confused. They are also worried that clients will associate Bitman with Goldman as a subsidiary of the larger firm. They do not wish to be affiliated, confused with, or associated in any way with Bitman Sachs.

Goldman’s head of global investment research, Steve Strongin, stated earlier in February that the value of many cryptocurrencies will plunge and eventually reach zero due to the instability and volatility of the market and system. However, as of the end of February, Goldman is investing in the crypto space and experimenting with crypto trading.

Many Indian cryptocurrency exchanges have had a hard time functioning in coexistence with the government and with the traditional banks. Over the last couple of months numerous tax raids, legal notices, and the suspension of numerous crypto company bank accounts have set them back quite a bit. Even traders and investors in cryptocurrency are not safe from the tax department who has sent notices to half a million investors.

#MTCX_India #Bitman #Goldman_Sachs #Jaipur-Based #India

Cryptocurrency Market Progressively Affected By Bitcoin Crash to $8,500

As of March 25, Bitcoin suffered a huge hit when the value of the coin fell to 8,500 dollars. This drop has affected the cryptocurrency market and it is has been struggling ever since to come back to its previous mark in the $350 billion regions. Many other cryptocurrencies have also suffered a drop in value as a result except that of small coins like Ontology and Ethos.

Bitcoin and Ethereum Record No Hike

The two most popular coins in the crypto market, Ethereum and Bitcoin, are unable to make any significant change to the price drop scenario since the crash on March 25th. The only change incurred was a minimal decline in Bitcoin price from $8,580 to $8,490, hardly more than 1 percent. The trading volume of Bitcoin on a daily basis is around $4.5 billion, that is three times more than the daily trading volume of Ethereum.

The second most liquid cryptocurrency in the market, Tether, sustains a daily trading volume of $1.4 billion at the moment. The most useful advantage of Tether is that it is used as a hedge for determining the value of cryptocurrency in the market. This is because most traders use Tether to judge the position of crypto coins and their value instead of using regular currency for risk comparisons. Binance, a popular cryptocurrency exchange, allows users to make cryptocurrency and Tether pairings, to hedge for risks and even in times when the market is most volatile. One indication of cryptocurrency risks and instability comes from the extreme high daily trading volume of Tether. It also means that a large portion of users are hedging the value of cryptocurrencies.

CEO of Binance, Changpeng Zhao, commented to CNN that the trading volumes for most cryptocurrencies are back up on exchanges. However, this amount is still low especially when compared to the volume that was traded back in March first week when Bitcoin was at a higher value of $11,700.

In comparison to the crypto markets in South Korea and Hong Kong, premiums for Bitcoin are still higher than in most countries. Premium in South Korea, is at $8,723, a small 3.2 percent higher than in the US crypto market. A cryptocurrency brokerage platform called Gatecoin which allows bitcoin-to-cryptocurrency trades in Hong Kong, has priced Bitcoin in the $9,000 region.

There still appears to be investments from prominent markets in Asia, and premiums on Bitcoin are maintained relatively high. Countries with strict regulations or low trading premiums have their investors moving to markets in Hong Kong and South Korea for trading. Many Chinese investor have joined the Hong Kong market to trade cryptocurrency especially after harsh regulation from the government.

Will Altcoins Prosper?

Although many smaller cryptocurrencies are unaffected by the drop in Bitcoin and its low daily trading volume, it is still too soon to predict whether smaller coins will prosper or not. It can be notified that numerous smaller coins have profited better than Bitcoin since the crash. Ontology and Ethos have both logged a gain of 20 percent more than Bitcoin over the past week and  coins like Nebilo and Walton Chain are showing significant performance better than Bitcoin for the last five days.

Now, one of the reasons for altcoin popularity could be from their lack of significant progress in the past and recent outperformance over Bitcoin. Unless there is a steady and slow progress for Bitcoin, Ethereum, and Ripple to regain their previous value, altcoins will not be able to outperform for much longer. Bitcoin was previously valued at $12,000, Ethereum was $900, and Ripple was $1.

Pablo Escobar’s Brother Roberto, Responds to BTC Scam with ‘Dietbitcoin’

Roberto Escobar has recently launched a Colombian version of cryptocurrency and alternative to Bitcoin called Dietbitcoin (DDX). This BTC hard fork coin has been initiated as an Escobar Inc. venture as reported by TheNextWeb. Roberto also wrote a book which is available on the website of his cryptocurrency, and is titled, ‘The True Story by Roberto Escobar: Pablo Escobar’s Dietbitcoin’. In its description it mentions,”After making $100 billion dollars, Roberto Escobar launches the dietbitcoin ‘DDX’ cryptocurrency”.

The book includes interesting in depth chapters on “The Other Peruvian Plane,” and “Noriega, The Traitor”, as well as the basis for Robertos proposal to create a new cryptocurrency. He mentions his intentions for DDX saying, “I am the first person in the world, Roberto De Jesus Escobar Gaviria, to publicly come out and claim that Bitcoin was created by the American Government, and I am not going to be the last person to say this. The world is going to wake up. The world is going to see that this was created by them. And when they see it, it is too late, and when the CIA founds out that the world knows about this, the CIA is going to sell all of their coins, and they will destroy the value of Bitcoin…That’s why I am creating my own cryptocurrency called dietbitcoin (DDX)”.

Dietbitcoin is currently running an Initial Coin Offering (ICO) that consists of three rounds with 1 million DDX coins as the cap for the crowdsale. The pre-ICO round 1 offers a total of 300,000 coins for $2 a coin, a sale price from the $50 originally listed, pre-ICO round 2 offers 300,000 coins for $100 each, and the ICO will have 400,000 tokens for $1000 each.

Roberto, in his book, makes it known that the elusive Nakamoto himself approached him for the creation of DDX, but it was a ploy by the US government to invade his Escobar Inc. He declares that his DDX will remain out of the reach of ‘Americanos’ who monitor Bitcoin users and track their activity. He also made contact with another crypto leader, John McAfee, founder of McAfee software but Roberto broke off the deal of them making DDX together because he believed that the vision was too small.

Roberto has an interesting opinion on Ethereum (ETH) and doubts its legitimacy as a cryptocurrency due to the young age of the co creator Vitalik Buterin. He states in his book, “Ethereum is a complete scam. This is nice technology, but it was created by a small child. Who cares about this child? I do not care. He can come here and talk to me in my face. I will say ‘Sir, you are a gringo. You think I care about the gringo coin? I don’t care.’ All of these other coins and tokens; do not even get me started on tokens”.

#Pablo_Escobar #Dietbitcoin #DDX #ICO #Roberto_Escobar

How Indian Startups are Fundraising With Cryptocurrency ICOs

A new method of raising funds is available to companies and startups similar to that of the existing IPO or initial public offerings. The trending alternative, called ICOs or initial coin offerings is based on cryptocurrencies. The use of this platform for fundraising has led to a capital advance of over 200 million dollars for Indian startups in just a few or one time pitch of ICOs. On a worldwide scale, startups have managed to raise 3.7 billion dollars, reported by the accounting firm EY. The use of ICOs is not limited to only Indian markets as startups take their fundraising to foreign investors and markets.

When fundraising via ICOs the startup has to give prospective investors special crypto tokens that can be redeemed later for cryptocurrency. The investor in return invests funds into the startup venture in the form of Bitcoin or other Altcoins. It is a similar process in IPO but investors are granted shares instead of tokens.

One successful startup that used ICOs for fundraising in its initial stages was Drivezy, which is one of the first peer-to-peer platforms for sharing vehicles. The co-founder, Abhishek Mahajan, credited the alternative crypto-based strategy and stated, “We had been operating for three years and had achieved significant traction. But the problem was we needed a lot of capital to put cars on our platform. Instead of reaching out to VCs, which would have led dilution of our equity, a couple of Japanese investors suggested an ICO”.

Another success story comes in the form of a crypto exchange platform called Belfrics.The exchange was founded in 2014 and was able to raise upto $2.2 million by using an ICO pitched the year before. Praveenkumar Vijayakumar, founder states that “We raised funds to build a KYC-compliant blockchain and a token exchange platform. The funds came in bitcoins and most of our investors came from Europe".

One of the most beneficial aspects of using an ICO for fundraising is that the startup that initiates one can make the rules for the investors. They control the length of time that the ICO will remain open for investment, the value of the redeemable token, and even when the token can be exchanged for cryptocurrency. For Belfric, the exchange platform set the rate of their tokens as 2000 Belfric tokens being equal to 1 Bitcoin. After their fundraising period ended and they met their capital goals, the ICO was closed. Their investors were free to either cash in the tokens or trade them on token exchange platforms. When the ICO closes the startup no longer regulates what the investor does with their remaining tokens.

The uncertainty surrounding cryptocurrencies in the India market drives startups to find other sources of funding for their ventures. Some of the best countries to get ICO based funding is the US, Europe, and Singapore. Belfrics found investors from Singapore and  Drivezy raised capital in Japan.

Tracking of Bitcoin Users by NSA Revealed By Snowden Papers

In an interesting update from the Edward Snowden papers, reveals that the US government has expressed considerable interest in Bitcoin ever since its use became popular. The Intercept, an online magazine, has posted the leaked undisclosed documents from Snowden that actually provide evidence that the United States National Security Agency or NSA has been keeping track of Bitcoin users from around the world as described in a 2013 report for the agency. There could be a coincidence of the report leaking not too far away from the recent ban on American use of Venezuelan national cryptocurrency Petro coin by President Trump.

The report is cryptic with code names and classification of data that will help the NSA “track down the senders and receivers of bitcoins,” as the report stated. The Bitcoin monitoring mission by the NSA is called “project Oakstar”, and the purpose of its initiation was to tackle terrorism facilitated by Bitcoin or crypto transactions. The report indicated that the NSA was not randomly tracking users but were monitoring persons or groups involved in suspicious activities and whom utilised the privacy and anonymity of Bitcoin for making illegal transactions like laundering money. An expert from the NSA report states, “[NSA agent] is hoping to use the access for their mission of looking at organized crime and cyber targets that utilize online e-currency services to move and launder money. These illicit finance networks provide user access to international monetary systems while providing a high degree of anonymity.”

Utilising the professional surveillance tools accessible to the NSA for security purposes, data was able to be collected, decrypted, and interpreted to gain the identity of protected Bitcoin users. There were reportedly two other platforms monitored, the first being the Liberty Reserve, that had dealt with money laundering involving cryptocurrencies leading to its close, and one other. Bitcoin is not the most privacy controlled and anonymous cryptocurrency of all coins in the market, yet it was considered top priority for the NSA according to the report.

Unapproved Access

Even though Bitcoin incorporates Blockchain which makes all ledgers public access, the NSA infiltrated further into users private information to get more in depth research on potential terrorists. NSA hacked into users computers to gain sensitive information like passwords, sessions of the user, billing information, IP address, and media access control address. They dug deep into what targets they acquired and tried to highlight any connection the select Bitcoin users had with illicit activities.

It seems that no matter how hard the government tries to uncover and penalise Bitcoin and Blockchain users, the crypto community will always find a way to retaliate and strengthen their stance on supporting a decentralized system.

Decline in cryptocurrency trading amid Indian crypto exchanges

The trade volume is specklessly diminishing among the Bitcoin and other cryptocurrency trading platforms, for instance the percentage is evidently more than 90%. The relapse is after the regulatory frameworks which were pressurized on the cryptocurrency exchanges in India.

The RBI, Central bank of India has come up with staggering strategy that is limiting the trading within the locality. However, this is not supposed to in case the country wants to expand the business.

The current dealing in Bitcoin exchange platform of India, has bounded between 300 to 400 BTC daily to the sudden drop of 30-40 BTC per day.

The fact which fears out the citizens to invest in cryptocurrency is the capital gains which the Income Tax department authority has taken into public action.

Sometime ago, customers also had to restrict themselves from using credit, debit and prepaid card transactions whichever included bitcoin and altcoins. These steps were followed right after the severe action taken against the Bitcoin transactions with credit cards. However, regarding the transactions, government had requested the companies dealing with cryptocurrencies to integrate know-your-customer (KYC) and anti-money laundering protocols to safer the transactions.

Dr. Amit Lakhanpal, Founder of Money Trade Coin Group had supported all the regulations and protocols from its nascent stage till date. Also, he has made an appeal to the government and the country’s Supreme Court to legalize the digital coins in for daily use. Meeting all the demands, the coin has legal rights to trade with cryptocurrency.

Meanwhile, the confused crypto-holders will get a way to habituate cryptocurrencies in their daily lives. 

#Crypto_Exchange #Money_Trade_Coin #MTCX_India #RBI #Regulations #KYC #AML #Dr. Amit Lakhanpal 

Founder of Money Trade Coin gives an exclusive interview on Zee Hindustan

Khurshid Ahmad - editor of Zee Hindustan took an exclusive interview with Mr. Amit M lakhanpal, CEO and founder of Money Trade Coin Group on Sunday at 3:30 PM. The interview was one on one and the Money Trade Coin Group founder explained what his digital currency investment platform does for users and how it is benefitting the masses. The interview talks about the distributed public ledger blockchain based on Ethereum. However, the ICO promised the user about changing the banking system worldwide, introducing cross-border transfer.

Mr. Lakhanpal explains about his journey from ICO till date. Money Trade Coin (MTC) also faced legal problems for which they required the audit to Security Exchange Commission (SEC). To be on a safer side MTC implemented the AML guidelines and KYC policy which helped them ease the audit process.

People had suspicion about MTC to be fraud on which Mr. Lakhanpal justified that President of Bermuda has recognised Mr. Lakhanpal as the “face” of cryptocurrency.

He added: “If we had an intention to cheat we would not have appealed to India’s Prime Minister and also Supreme Court but we are still waiting for their clearance.”

ICO launch of Money Trade Coin had initially started with $3 which had extended to $335. After certain negative publicity and rumours of Money Trade Coin affected the downfall of the rates, of which the price are expected to rise in the near future.

Mr. Lakhanpal also takes about his recent launch of MACS (a new wallet exchange introduced to enhance cryptocurrency transactions) which provides ten times more leverage. Also, Money Trade Coin is planning to launch new businesses related to cryptocurrency including real estate and transportation.

The interview was broadcasted on Sunday at 3:30 on the Zee News Network’s Zee Hindustan, Zee Salaam, and Zee Rajasthan channels.

#Khurshid_Ahmad #Bermuda #blockchain #Blockchain_Technology#cryptocurrency #cryptocurrency_transactions #Ethereum #ICO #India#Interview #MACS #Money_Trade_Coin #Lakhanpal #MTC #SEC#Zee_News_Network #Zee_Salaam

Cryptocurrency Trading Simplified with Money Trade Coin Group

Cryptocurrency trading courses offered by Money Trade Coin Group

The Money Trade Coin Group has initiated a training course program for cryptocurrency trading. Money Trade Coin will provide physical courses in countries such as UAE, Thailand, and Switzerland from May, 15th Onwards.

The courses will be of three days span long in each country and will teach cryptocurrency users more than just crypto trading but also divulge into concepts such as futures and derivatives in the FOREX market.

Join the Trading Courses

No matter whether you are an amateur, an accomplished crypto trader, or someone willing to learn new skills in cryptocurrency, this physical course will benefit you greatly as it is created to expand knowledge on the subject. Using this training course crypto holders will be able to invest wisely in a very competitive platform in order to make profits and minimize any risks.

What You Will Learn With the Crypto Training Course?

1.How cryptocurrencies work and how to trade them?
2.Profits and loss with cryptocurrencies
3.Tactics for effective cryptocurrency trading
4.An extensive tour of the market
5.What are Bitcoin and altcoins?
6.Which coins you should buy and sell?
7.How to store your coins?
8.All about trading on the platform
9.Crypto exchanges and which ones you should use
10.Trading concepts and tools
11.Maximizing profit and risk management
12.What are the exact entry points, targets, and stop loss points?
13.What support and resistance are in trading?
14.How much research to do before starting your trading?

How do we stand out?

With Money trade Coin Group you have ensured the best crypto training through our program and it is designed to cover all important aspects of cryptocurrency investment and trading on the platform. Our trainers and experienced traders have been involved in crypto trading for many years and hold impressive qualifications. Your progress throughout the course will be monitored and feedback will tell you where your strengths and weaknesses lie.

You will not only know how to trade but also understand the concepts behind crypto trading, the entire market and exchange systems. You will be able to trust your own decisions and strategies instead of relying on news pages or forums for your information which may be outdated or incorrect. Learning the ropes can help in setting fixed targets for your trade, buying and selling, stop loss and more. Additionally, our course features futures and derivatives on the Foreign Exchange platform apart from MT4 software. By learning about the types of contracts you can buy and sell into, arbitrage, and hedging, you can minimize any risks you may come across trading in foreign currencies.

Cryptocurrency Mining Can Aid Sustainable Farming- The Advent of ‘Cryptomatoes’

Cryptocurrency mining energizes Tomato Greenhouse

A new startup has been set up with an ecological premise by the Czech new age crypto exchange, NakamotoX. There are not very many uses for excess heat produced from digital machinery or cryptocurrency mining devices. However, this startup has managed to combine Blockchain technology with farming and has produced an edible batch of tomatoes by diverting the heat of mining machines to a customized greenhouse. Cofounder, Kamil Brejcha, and staff have built a separate space for their Bitcoin mining servers and utilized their excess heat production for growing tomatoes. The project is likely to be followed by a new type of farming technology called ‘Agritechture’, and the results so far have been entirely fruitful with the success of the first batch of what they call ‘cryptomatoes’. Brejcha explains in a tweet, “We have developed something called ‘Cointainer’ which is being placed in the basement and the heat is blown into the greenhouses. More details will be revealed soon”.

One downside to the crypto mining industry is the effect of the machinery’s heat generation on the environment. Most companies do not utilize this heat energy for any productive use which raises the concern for sustainable development among environmentalists and crypto user alike. The initiative that Brejcha and company have taken can create an energy cycle loop where heat from mining helps grow crops and biowaste from the harvest help power machinery. The project solves numerous growing concerns and provides an ecological and self-sustaining solution. Brejcha commented on the cryptomatoes saying, “You will be able to buy (cryptomatoes) in common shops soon but I cannot reveal more details about the brand now”.

The large-scale impact of Agritechture could help build on sustenance farming and energy conservation, two globally alarming problems putting pressure on the environment today. With the significant application in future crop cultivation, cryptomatoes could start a worldwide transformation in farming as we know it.

Elon Musk Could Change the Way We Use Blockchain Forever

Inventor and technology expert, Elon Musk, is one of the world's most innovative personalities. He has contributed all sorts of infrastructure and inventions to SpaceX, Tesla, SolarCity, Hyperloop, OpenAi, Neuralink and his current initiative, The Boring Company. Elon is a visionary who aims to create the technology of the future and designs that he believes will help the human race. Some of his projects have helped to curb car emissions with Tesla electric cars, as well as aid in research for space exploration through the SpaceX company.

He is very influential and always trending, which is why he stirred up commotion when spotted carrying a book on cryptocurrencies. The book is by Julian Hosp and called "Cryptocurrencies Simply Explained". It is an easy guide to the world of cryptocurrencies, the blockchain, ICO, and more. The author himself is a cryptocurrency expert having worked in the field for years at TenX. His primary goal is to help teach at least a billion people worldwide about blockchain and cryptocurrencies by the year 2025.

Rumors among the crypto community speculate that Elon Musk is simply passing on the book to someone, while other claims he may be doing research into blockchain in order to incorporate it into his companies in the form of digital tokens or smart contacts. Whether their speculations are right or not, Elon is certainly no stranger to online payment platforms, with his digital financial company X.com being bought by PayPal way back in 2000. He was even appointed the CEO of PayPal for a short period before leaving due to clashes of interest with the other leaders. He was one of the biggest shareholders of PayPal stock and in 2002 when the company was sold to eBay, he made a huge return with 165 million dollars.

To think Elon was reaching into Crypto territory is not far-fetched at all. He has enough experience with online payment systems and technology, so blockchain is not too far ahead of him. If he incorporates Blockchain or digital tokens into his companies or starts a cryptocurrency company of his own, those that know his history will not be surprised. Over the years, it has become public that Elon holds 0.25 of Bitcoin that was given to him as a gift many years ago. The value of this amount is roughly two thousand dollars, which is a small amount for a personality like Elon Musk.

Despite his presumed lack of interest in cryptocurrency at present, the chances are high that this tech giant will embrace blockchain in the near future. The crypto community waits in anticipation for his next project that would surely make a dent in the industry.

Title Sponsor Money Trade Coin Group Felicitates Winners of Lokmat Corporate Excellence Awards 2018

Money Trade Coin Group, led by its founder Dr. Amit Lakhanpal was recently associated with Lokmat Corporate Excellence Awards 2018 as a title sponsor that recognizes stalwart companies and entrepreneurs of Maharashtra that have contributed towards developing superior corporate governance standards led by a robust and sustainable growth model, fostering a positive impact on the society. 

Lokmat Corporate Excellence Awards 2018 

The event held at Four Seasons Hotel in Mumbai included crème-de- la-crème of the society from Lokmat’s senior management, cabinet ministers, VIPs, Joint Police Commissioners, senior bankers, businessmen and actors from the Bollywood industry. Ministers such as  Shri Diwakar Raote- Cabinet Minister of transport in Maharashtra, Shri Arvind Sawant- Member of Parliament and VIPs namely Mr. Bhushan Gagrani CEO at CIDCO, Shri Sanjay Bhatia - Chairman Mumbai Port Trust and Shri Pallavi Darade- Indian Revenue Service officers graced the event with their presence. Lokmat Corporate Excellence Awards 2018 had also witnessed the presence Joint Police Commissioners Mr. Devendra Bharati, Mr. Sanjay Saxena, Mr. Ashutosh Dumbre, Mr. Amitesh Kumar. Discussion Panel included various renowned names such as Mr. Kewal Handa Chairman of Union Bank of India, Mr. Shailesh Haribhakti Chairman at Haribhakti Group, Mr. Anant Singhania- CEO of JK Enterprises, Mr. MD Agrawal- President of Bombay Management Association, Mr. Niteen Bhagwat Vice Chairman at FCB Interface. Bollywood celebrities such as Sonu Sood & Shashank Ketkar had also glorified the event. 

Discussion Panel at the Event 

The underlying theme of the discussion was achieving business sustainability through better maintenance of ethical corporate governance standards. Business stalwarts from Maharashtra were recognized for their corporate excellence as a small gesture of appreciation to honor people and businesses felicitating their reputation and exemplary contribution to the society. The event also highlighted the ability of such individuals to steer their objective during turbulent times while epitomizing their knowledge and strength to drive growth in the society. It is notable that Dr. Amit M. Lakhanpal, Director Money Trade Coin Group was felicitated with Business Excellence Awards in 2015 for his outstanding achievements in the Real Estate industry.

Dr. Amit Lakhanpal Founder of Money Trade Coin Group with his wife Mrs. Urvashi Lakhanpal & other dignitaries at Event 

Money Trade Coin, a new-age cryptocurrency founded under the vision of Dr. Lakhanpal is a pioneer in crypto space, while the group is a global leader that offers multi-cryptocurrency exchange platforms with innovative crypto-solutions that exploit the application of Blockchain Technology into real-world transactions. Money Trade Coin occupies a reputed position in the cryptocurrency space and has attracted the eyes of several people globally. The independent approach of the group has led to a significant development towards its vision of a decentralized economy with non-existent financial borders while creating a powerful society that leads to an autonomous structure and development of a transparent ecosystem.

"Mid Day Housie Presented by Money Trade Coin Group, Brings Hope to Family"

Founder & Director of Money Trade Coin Dr. Amit Lakhanpal and Winner Sanjay Thakkar

Every now and then, where you least expect it, dreams can really come true. Such a marvel recently took place last Saturday at the Mumbai Mid Day Housie. Money Trade Coin Group helped make this day memorable by sponsoring the event, which led to housie winner Sanjay Thakkar claiming his cash prize. The lucky man from Thane was overwhelmed with his victory and had a heartwarming plan for where his money would be spent. Due to financial burdens, he was unable to fulfill his daughters wishes to study further. Until now his employer had managed to help him put his daughter in a school in Gujarat, but with other complications in his life like the death of his wife and the expenses involved in caretaking for his elderly parents, Sanjay was in need of assistance. With these funds, he can now give his daughter a good education in one of the best schools in India, and focus his efforts on keeping the rest of his family financially secure. This unexpected source of charity helped hardworking Sanjay finally catch a break and the selfless use of the winnings revealed his honorable intentions.

Insights From ET Edge Maharashtra Achievers Awards 2018

The recognition of Maharashtra’s most talented was commemorated at the ET Edge Maharashtra Achievers Awards 2018. All prominent players in the business, media, technology, sports, and more were acknowledged and celebrated for their excellence at the event presented by the Money Trade Coin Group and powered by Ajeenkya DY Patil University. The event was also supported by Femina and was truly honored with the presence of Chief Minister of Maharashtra, Shri Devendra Fadnavis, the first lady of Maharashtra, Amruta Fadnavis along with revered members of the state cabinet like Minister of Finance & Planning, Sudhir Mungantiwar, and Minister of Water Resources, Girish Mahajan. The event also featured important guest speakers like Mr. Deepak Lamba, CEO of Worldwide Media, Tanya Chaitanya, Chief Community Officer and Editor of Femina, Dr. Amit M. Lakhanpal, Founder and Chairman of Money Trade Coin Group, and Dr. Ajeenkya DY Patil, President of Ajeenkya DY Patil University. The four reputable guests expressed their praise of the achievers present that night and established that these frontrunners would soon become the leaders of their fields. Besides these chief speakers, other noteworthy personalities from various industries graced the event and made an impact like social activist Mrs. Amruta Fadnavis, businessman Mr. Adar Poonawala, Director General of Police Satish Mathur, actors Shreyas Talpade, Sai Tamankar, Sonali Kulkarni, and Sachin Pilgaonkar as well as long-distance runner Lalita Babbar. The night ended in celebration with star host of the night, Siddharth Kannan, making the event all the more memorable.

Ex-Trump Adviser Bannon Says Cryptocurrency Will Bring 'True Freedom’

Former chief strategist for U.S. president Donald Trump and staunch right-wing propagandist, Steve Bannon, has now begun to endorse cryptocurrency and the potential effects of blockchain technology. In multiple events and lectures as part of his European speaking tour 2018, Bannon has mentioned that Blockchain has applications in both finances as well as other industries and that cryptocurrency is the heart of the populist movement in Switzerland.

Bannon was also former executive chairman of Breitbart News and former member of the National Security Council in the US where he was discharged. He now praises the working of Blockchain for providing an alternative to traditional banking and creating a decentralized system, by stating "Central banks are in the business of debasing your currency. Central governments are in the business of debasing your citizenship. The central technology conglomerates are in the business of debasing your own personal sovereignty and your own personal data".

He claims that by using cryptocurrency one can evade the constraint of elitist banks and find an escape in a fairer economy. According to him if the central banks are out of work then the people regain power, “Once you take control of your currency, once you take control of your data, once you take control of your citizenship, that's when you're going to have true freedom".

Bannon’s solution to overthrowing the static and oppressive system of economic oppression is by collaborating in populist movements. He has since promoted one in the U.S. His lectures and political rallies commending cryptocurrency have been well received by Europeans on his tour this year.

Money Trade Coin Group Presents Lokmat Corporate Excellence Awards 2018

We are glad to share that ‘Money Trade Coin Group’ has associated with Lokmat Corporate Excellence Awards 2018 as a title sponsor, Event is scheduled on 10th March 2018 at Four Season Hotel, Upper Worli, Mumbai from 6:00 PM onward.

The Lokmat Corporate Excellence Awards recognizes the stalwart companies and individuals who have helped India’s corporate standards and corporate governance for more sustainable

development and foster the positive impact on society as well as businesses. Dr. Amit M. Lakhanpal, Founder & Director of Money Trade Coin Group had felicitated with Business Excellence Awards in 2015 for his outstanding achievements in Real Estate industry. 

Money Trade Coin group under the vision of Dr. Lakhanpal have achieved milestones in every sector of cryptocurrency.  Money Trade Coin has been a pre-dominant cryptocurrency all over the world which has acquired a considerable attention to competing with the lucrative market of digital tokens.

Highlights of the ET Edge Maharashtra Achievers’ Awards 2018 Presented by Money Trade Coin Group

The acknowledgment of important contributors and achievers from various industries is not regarded as a frequent occurrence. However, when a ceremony is held to honor accomplishments of the few who excel in their field, this is an occasion to behold. On February 26th, 2018, the first-ever ET Edge Maharashtra Achievers’ Awards was held at St. Regis Hotel in Mumbai. The event was sponsored by the Money Trade Coin Group, Ajeenkya D.Y Patil University, and supported by Femina, from the Worldwide Media group.

Numerous performers from the field of Business, Sports, Media, Technology, and more were awarded on the day and in the presence of Chief Minister of Maharashtra Shri Devendra Fadnavis and other VIPs like Minister of Finance & Planning Shri Sudhir Mungantiwar and Minister of Water Resources Shri Girish Mahajan. The founding director of Money Trade Coin, Dr. Amit Lakhanpal, had much to deliver at the event and commemorate the efforts of all revered guests. In his speech he remarks,

"It gives me immense pleasure to be associated with 'Maharashtra Super Achievers Awards' where talents from various fields are appreciated and felicitated for their exceptional accomplishments. 

India is recognized as a heterogeneous land and to provide a stage where people from all walks of life can come together and share their experiences is in itself commendable. We all know, 'Progress is achieved only through sheer dedication'. And to achieve the dream of a Developed country, 'it is imperative to work in Unison and to identify and compliment talents.' I hope this initiative inspires many others to dream and achieve bigger."

Other respected spokespersons at the event like Mr. Deepak Lamba, CEO of Worldwide Media, Ms. Tanya Chaitanya, Chief Community Officer of Femina, and Dr. Ajeenkya DY Patil, President of Ajeenkya DY Patil University, all delivered their congratulatory speeches on the accolades of the chosen winners. ET Edge, Money Trade Coin Group, and Femina have inspired many to honor future talented leaders of Indian industries and support their growth. 

Cryptocurrency- Primary Terms you should aware of

Cryptocurrency has fully conceptualized in the finance sector and will be mainstream in the economy soon. There are still people left out and confused about the jargons related to cryptocurrency and have no idea about the working of these digital tokens. Here are some of the terms which you should know before using cryptocurrencies.

1.     HODL

HODL was formerly originated from a forum post where the user misspelled ‘HOLD’ as ‘HODL’ in one of his post. Since then the term has gone viral, which is popularly abbreviated for ‘Hold On For Dear Life’. It attributed to the sentiment among the crypto-geeks to be fearless because of the volatility and hold on to their coins.

2.     Altcoins

Coins other than Bitcoins are referred to as Altcoins. Altcoins are the subdivided version of the cryptocurrency with less potential value or use. These coins are typically promoted or referred to by people who are holding them. 

3.     FUD

It stands for ‘Fear, Uncertainty, and Doubts’. FUD is a disinformation strategy to spread negativity and propaganda used by someone who wants to create a ruckus among the crypto holders. They usually pass on the false message concerning the price drop of certain coins.

4.     Pump and Dump

People frenzy about bitcoin had gained a lot of attention, many investors showed interest which leads to the fast price increase. They later pile up the coins and diminish the supply, this ends up the course followed by the huge crash. Traders buying coins in high volume are the one who pumps, they may wish to sell out the coins. Whereas, the dumpsters are the one who purchases these coins and sell at higher price.

5.     Bullish and Bearish

Bullish: Estimation of the coins to get high. For instance, optimistic analysts are predicting the price of Bitcoin to raise about $300,000-$400,000

Bearish: Estimation of the coins to get low. Other altcoins are generally bearish as people do not see value in them or see a lesser value. 

6.     Bagholder

Altcoin holders even after facing a crash may refer to as bagholder, seeing the value of the coins sinking and having no scope in the future to get a rise. The term is also referred to the traders who purchased coins at a high value but ending up by selling at a wrong time (when the coin is worthless).

7.     Shilling/Pumping

The act of endorsing coins in public, these are the traders who purchased coins at the rate of ‘pennies’ which is also termed as shilling the coin, anticipating the public’s interest to increase so that the price can take a surge or pump up in the future.