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.  

Futurists Make Cryptocurrency Forecasts for 2030

As futurist and visionary speaker Thomas Frey predicts, the world financial system will one day be decentralized. He is an author as well as a senior futurist at Da Vinci Institute and his latest forecast states that the next big move for cryptocurrency is the acquisition of all fiat currency within the next ten years or so. In an interview with Time’s Money, he declared that cryptocurrency is becoming a more stable, permanent system and will shake traditional banking by replacing around 25% of all state currencies as soon as 2030. This is because they are far more efficient to use.

Although Bitcoin and other currencies are used for digital payments or assets, they are not yet a very popular option to be offered by numerous retail stores and online businesses in the US and UK. This means that his prediction could really change the way transactions are made, both online and offline.

Frey draws attention to the International Monetary Foundation and its managing director, Christine Lagarde, who has previously stated that cryptocurrencies have the potential to replace traditional centralized banks and internet banking. He points out that this statement coming from the director of IMF is quite notable. His comparison of Bitcoin with real estate trades is not far off from how the US Internal Revenue Service (IRS) describes it- as property. According to Frey, a Bitcoin user is simply parting with a portion of their digital piece in the cloud. However, the difference is that cryptocurrencies do not receive tax benefits like real estate does.

New Asset Class

The 21st century has seen many prophesizes of crypto finance and their impact on the world economy. Another noteworthy mention is James Canton, the CEO of Institute for Global Futures. He has observed what many futurists alike have, “the legitimization of a new asset class emerging alongside the traditional global economy”.

He equates this asset class to the use of stocks or bonds and that both function in a volatile market capable of peaking and dipping. No matter the uncertainty resulting from cryptocurrency trade, there is a prospect in testing the waters. More and more crypto holders are joining the crypto market and Canton foresees an increase in the number of crypto holding vehicles in the near future.

The Future of Cryptocurrency and Philanthropy

As most people assume, Bitcoin and other cryptocurrency are in the tech industry for trading and investing in order to make a profit on the market. However, if you consider the alternative which is philanthropy, a few companies are quite profound at doing just that.

Using Cryptocurrencies to Fundraise

Many charities are experimenting with cryptocurrency donations and some of the most prominent names involved are Red Cross, Save the Children, United Way and the Electronic Frontier Foundation. There is a clear ascension in number of donations with cryptocurrency. One of the biggest funds for donors, Fidelity Charitable, holds more than 69 million dollars worth of crypto donations as of 2017.

More recently, a number of programmes and schemes in the world of crypto philanthropy have come to notice. Such platforms embrace crowdfunding sites like BitHope for donating Bitcoin to your charity of choice. Other apps like GiveTrack and Alice are used to trace the movement of funds from account to charity, all on Blockchain, and confirm that select foundations have received allocated donations.

Non Profit Specific Coins

Besides making donations with Bitcoin and tracking its progress on applications, there are a number of coins created by organisations for their social and ongoing projects. There are coins for exact purposes like the one created by Charity: Water, called Clean Water Coin for raise money for the charity that works to supply clean drinking water to people all over the world. Another called Pinkcoin, is a coin that alerts traders use it to donate to specific charities as well as get a return on their funding. This coin is registered as a major cryptocurrency contender and does well in the market.

Foundations for Crypto Donations

An anonymous philanthropist has recently created a charity foundation that aspires to donate 5,057 Bitcoins. The charity is called the Pineapple Fund and has reached out to numerous contributors who have collectively given away 56 million dollars to 56 chosen charities. The creator, 'pine' holds the slogan, “Because once you have enough money, money doesn’t matter.” as a justification for his contributions.

With this use of Blockchain, a more credible process of donations to charities can be established. Most people have little trust in the working of bog charity organisations, speculating that these use a sizeable portion for their operations and little goes into the actual relief funds or projects. However, with a Blockchain system these doubts can be resolved with transparency in transactions, decreased operating costs, and overall efficiency in the process. These cynical ideas can be undone and lead to increased donations.

In a few years, with the success of Bitcoin and Blockchain technology, these foundations can all have their own set of cryptocurrencies or coins to maintain the flow of donations digitally. An exchange can be created on a token system focused solely on the purchase and selling of these coins by traders and donators. This may even create a new approach to philanthropy where charities as well as philanthropists profit from trade of foundation specific coins for the improvement of those in need. Gathering funds could be made easy for Non Profit organisations by mining of tokens.

Although the future holds so many possibilities, there are still limitations that stand in the way. Blockchain is a relatively new and unexplored system that still has a lot to be discovered by a majority of the public before it becomes mainstream. Most countries have not defined their legal stance on the trade of Bitcoin and many people do not have enough grasp of its operations.

Thus, it will be a while before crypto philanthropy is recognised and utilised for donations and fundraising.