Crypto Insurance - Securing cryptocurrency exchanges

The past year has been a roller coaster ride for the global financial markets. Where cryptocurrencies saw immense popularity, it also faced the hazards of Hacking. 2017 has been considered as one of the worst years for Cyber Crime, especially Hacking. A number of phishing scams, frauds and miner-wares were reported in 2017, which led to enormous losses, both to the cryptocurrency holders as well as the global financial market system.
The dangers of Hacking have been prevailing even in 2018, and to much surprise, it is only growing.

Though the concept of Cyber Insurance was introduced in late 2017, it has now largely been used to protect and secure the volatile cryptocurrency exchanges.
The crypto-insurance idea is similar to that of the cyber-insurance concept, however, the cutting-edge Blockchain Technology plays an important role here.
Though every initiative has its own pros and cons, this little start will surely usher in another revolution in the crypto-world.

Arizona empowers Bitcoin Tax payments

Since quite some time, Bitcoin and Blockchain technology has been gaining enormous attention all over the world. There have been debates about its legalization, regulations, and controls. A number of governments have been altering their citizens on the usage of the leading cryptocurrency- Bitcoin. Some have even remarked it as a bubble which will soon burst. 

However, even though there have been opposing statements regarding the utilization of cryptocurrencies, the supporting system behind it, i.e. the Blockchain technology has always been praised and appreciated by leading personalities.

The recent news is that Arizona, a southern west U.S state, has started a new revolution by accepting Tax payments in Bitcoin. Arizona has always been supportive of the Blockchain technology and is known as a Blockchain friendly state. Lawmakers in this US state have proposed permitting citizens (residents) to pay their taxes in Bitcoin. This will allow residents to make tax payments anytime and from anywhere. 

Founder of Money Trade Coin speaks on application of cryptocurrencies and development of Blockchain Technology in India

The Indian Finance Minister, Mr. Arun Jaitely,  on February 1 announced the big budget on cryptocurrency status in India. On this occasion, he also threw light upon the much-discussed topic of cryptocurrencies. There were a number of point of views by leading economists and analysts post the FM's speech. 

A leadingCryptocurrency news portal, NewsCCM, interviewed Dr. Amit Lankhanpal to understand his take on the recent cryptocurrency scenario in India.

During the interview, Dr. Amit Lankanpal shed light on various aspects of the current situations of the Digital Currency in a developing country like India. He spoke about the impact of cryptocurrency on the financial market system, the on-going debate about the legalization and regulations of cryptocurrencies in India, the relationship of the Blockchain technology with the Banking industry and so on. More importantly, he also commented on the FM's idea of incorporating the Blockchain technology into the mainstream financial system.

Dr. Amit Lankhanpal also shared insights about Money Trade Coin.

To read the complete interview visit on given link:

https://newsccm.com/2018/02/02/budget-2018-amit-lakhanpals-stance-crypto-industry-limitless-application-blockchain-technology/

Cryptocurrency fortune in 2018

The year has gone by, 2017, proved to be an immensely gratifying year for Cryptocurrencies. Cryptocurrencies gained much popularity and acceptance across the world in the past year. The values of leading cryptocurrencies such as Bitcoin, Ethereum, Ripple among others surged to almost 2000% in the latter half of 2017.

This delighting journey of Cryptocurrencies is continuing in 2018 and it seems that this year, it is set to be another revolution in the phase of cryptocurrencies. The 4 major changes that may take place in the crypto-space making its existence all the more powerful are:

1) Growth of Crypto-market 

Leading institutions such as CBOE, CSE, and Goldman Sachs have declared to begin offering Bitcoin futures, thereby, trying to bring the Crypto-market close to the global traditional financial market system. This will soon be followed by other institutions, thereby increasing the utility of cryptocurrency transactions.

Additionally, this year will the mark the launch of a number of crypto funds, which will also enhance the utilization and popularity of cryptocurrencies.

2) ICOs will undergo a professional touch

Initial Coin Offerings will witness a new makeover this year as numerous investors will step into the market. As the investors make way for new means of funding, their demand for further business validation and transparency will increase, which will allow the ICO process to come closer to the traditional venture crowdfunding. As such, new ICO platforms will also make their way in the competitive volatile market system.

3) ICO Regulations may lead to a short-term slowdown

Due to the increasing popularity and usage of cryptocurrencies all over the world, the need for control and regulation has become essential. So as to bring a certain amount of stability in the market and also to do away with illegitimate usage, regulators around the world will take a firm decision on Cryptocurrencies. A number of countries will come up with different regulations and controls to maintain a balance in the financial market system. This will lead a short-term clampdown in the ICO process.

In a short run, the regulations may lead to a fall in value and trading volumes. However, it will benefit in the long run as the legislation of cryptocurrencies will bring it closer to the mainstream financial system.

4) Introduction of new platforms and approaches. 

As people become more aware of cryptocurrencies and understand their importance, it will unequivocally lead to an increased demand. Naturally, an increase in demand has to be supported by an equal supply. As all the Cryptocurrencies have a particular limit, to satisfy the increasing demands, alternate Cryptocurrencies come into being in the market. 

2018 is expected to witness the launch of a number of new Cryptocurrencies and platforms with enhanced services.

The Cryptocurrency global market is expected to experience remarkable success in 2018 as the popularity is increasing with each passing day and it is slowly and steadily being recognized as a powerful means of exchange.

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The Finical budget for FY18 was introduced by the Finance Minister Mr. Arun Jaitely in the Parliament on 1st February. The FM took this opportunity to throw light on the much-talked topic – Cryptocurrency in his speech.

A number of economists and analysts have been coming up with various interpretations regarding the future of Cryptocurrencies in India. However, what the FM actually conveyed was that he will put all efforts to discourage the usage of the Digital asset in unlawful and illegal activities such as Money laundering, Terrorism Funding, Black Money Generation, Hacking and many more. Mr. Jaitely also mentioned that the government will explore the use of Blockchain technology.

So while the Indian government’s crackdown on cryptocurrencies was aimed at the prevention of illegitimate activities, the Money Trade Coin Group completely agrees with the government’s stance on regulating on the cryptocurrency market and prevent such fraudulent activities. Even before such announcement from the Indian government, the Money Trade Coin group already had the systems in place that help them to comply with the standards and verify the identity of the cryptocurrency through the KYC and AML procedures.

Money Trade Coin Group wholeheartedly welcomes the measures taken by the government in curbing the loopholes of the cryptocurrency system.

#MoneyTradeCoin #Newage #Cryptocurrency #MTCOIN

Money Trade Coin - An emerging Crypto-Leader

Money Trade Coin is pulling its socks to provide the best of services to its valuable  cryptocurrency holders. 

The steadily growing cryptocurrency aims to serve cryptocurrency holders globally. As such the Money Trade Coin Group has planned to spread its wings across 40 leading international countries in the coming few months.
Money Trade Coin has already made a strong hold in the financial market, as it is the only cryptocurrency to be registered as an algorithm. Also, since it provides KYC and AML facilities, it makes it all the more easy,smooth,secure and safe for digital currency transactions.

http://www.moneytradecoin.com/

#MoneyTradeCoin #Newage #Cryptocurrency #MTCOIN

Check the video below:

https://youtu.be/keT15cD_5YI