Cryptocurrencies - Panaesha Capital

Top 3 Companies Using Blockchain Technology

Blockchain technology is a brainchild of a person (or group of people) named Satoshi Nakamoto. The technology was introduced to the world in 2009. In just ten years, the technology has shown massive potential for revolutionizing the global business scenario. From our daily lives to governmental operations, blockchain technology has transformed every niche and sector.

What makes Blockchain Technology so special?

Blockchain technology is emerging as a solution for a number of modern day problems. This is because of the special features that come with this technology. Some of its core features include complete transparency and its property of being immutable. With these qualities in hand, blockchain becomes a hero for the business world.

However, blockchain technology has also revolutionized other industries like healthcare and law. Today there are more than 80 companies using blockchain. These corporations have gained a faster pace by using blockchain solution. Moreover, the World Economic Forum predicts that blockchain platforms will reserve almost 10% of global GDP within the upcoming decade.

How is the blockchain utilization measured for a company?

From small businesses to large corporations like IBM come under companies using blockchain. To help calculate how progressively a company is using blockchain solution, Reality Shares came up with a proprietary Blockchain Score. It uses seven quality factors which represent the most important metrics for identification of company’s blockchain potential. The higher this Blockchain Score goes, the higher a company’s blockchain potential.

Here are the top 3 companies using blockchain solution:

IBM: Blockchain Score, 92

The leader of this race is IBM with highest blockchain score of 92. In an overall view, IBM comes out as one of the leaders in blockchain technology development. The corporation has been a technological pioneer since the year 1911 and has continuously developed and improved the technical sector. IBM uses blockchain-as-a-service (BaaS) in various aspects. At the present time, the Blockchain solutions of IBM are powered by a team of almost 1500 experts.

Alibaba Group: Blockchain Score, 77

Standing on the second position of this race is the Alibaba Group which has a Blockchain Score of 77. The firm is well recognized as the largest Chinese e-commerce and technology organization. In total, Alibaba has set the path of blockchain ablaze with 90 patents by September 2018. Alibaba Group comes up as one of the leading companies using blockchain solutions. As proof, its subsidiary, Lynx International has implemented blockchain in its logistics department in a successful manner.

Fujitsu: Blockchain Score, 74

With the Blockchain Score of 74, our number three is Fujitsu. It is a Japanese technology firm which is the 7th largest IT service provider. Recently the company inaugurated a special Blockchain Innovation Center in Brussels, Belgium.

These are just top 3 companies using blockchain solution. The list goes long and is growing day by day. Companies like MasterCard and ING Groep are also pacing fast in the race. These companies are not only accepting the revolutionizing Blockchain Technology but are also fueling its development and advancement.

MIT analysts’ brand new cryptocurrency Vault, is faster, more efficient than the other popular cryptos.

The researchers of the Massachusetts Institute of Technology (MIT) have developed a new cryptocurrency that considerably reduces the need of users to join a network, besides verifying the transactions up to 99% compared to the other currently popular cryptocurrencies. Popular cryptocurrencies, such as Bitcoin, are networks built on the blockchain technology, a financial ledger, formatted in a sequence of individual blocks, each containing transaction data.

Vault Cryptocurrency

To get around the problem of large data and slow processing, MIT researchers are planning to present a paper at the upcoming symposium on Network and Distributed System Security and introducing the new cryptocurrency called Vault. Vault is unique in the sense that it allows the user to join the network without the need of downloading the entire transactional data. A user can become part of the Vault by downloading just a fraction of the data which will reduce the data processing load; thereby making the process faster and convenient. Network and Distributed System Security and introducing the new cryptocurrency called Vault.

“The paper title is a pun. A vault is a place where you can store money, but the blockchain also lets you ‘vault’ over blocks when joining a network,” said Derek Leung, a graduate student in the Computer Science and Artificial Intelligence Laboratory (CSAIL) at the MIT. “When I’m bootstrapping, I only need a block from way in the past to verify a block way in the future. I can skip over all blocks in between, which saves us a lot of bandwidth.”

Besides, the cryptocurrency also has a technique for deleting the empty accounts which usually eat up a lot of space. Vault allows the process of transaction data verification with the most recent transactions which help to reduce the data requirement and processing time.

Bandwidth Reduction

When compared to the popular cryptocurrencies, Vault has shown a significant reduction in the bandwidth required for joining the network. Against Bitcoin, Vault reduces bandwidth requirement for network joining by 99%, and against the Ethereum, the reduction in bandwidth is up to the tune of 90%. This reduction hasn’t come at the cost of security with Vault ensuring that the transactions get validated by all the nodes. The cryptocurrency network behind the Vault has been christened “Algorand” and according to the researchers, it is decentralized, secure, and more importantly, scalable than the networks of other digital currencies.

Blocks

Each block in a cryptocurrency network contains a timestamp, its location in the blockchain network, and fixed-length string of numbers and letters, called a “hash,” that’s basically the block’s identification. Each new block contains the hash of the previous block in the blockchain network. Blocks in Vault also contain up to 10,000 transactions or 10 megabytes of data that must all be verified by users. The structure of blockchain technology and the chain of hashes, ensures that an adversary cannot hack the blocks without detection.

New users join cryptocurrency networks by downloading all past transaction data to ensure they’re secure and up to date.

To join Bitcoin last year, a user would download 500,000 blocks totaling about 150 gigabytes. Users must also store all account balances to help verify new users and ensure users have enough funds to complete transactions. Storage requirements are substantial, as Bitcoin tops 22 million accounts.

Vault’s future is still uncertain; the paper will be presented at the Network and Distributed System Security Symposium in February.

Panaesha Capital aims to bring blockchain technology and cryptocurrencies to traditional markets. Connect with us at PANAESHA CAPITAL Pte.Ltd. |

Crypto Market Adds $7 Billion, Bitcoin Breaks Above $4,000 Amidst Widespread Crypto Surge, Ethereum Faces Strong Resistance

The Bitcoin price recently spiked from $3,830 to $4,051 by around five percent. Bitcoin has now broken above its resistance level that was previously set around $3,900. Bitcoin’s upwards move has sent the overall markets surging. The sudden increase in the price of Bitcoin led other major crypto assets to spike in value.

Ripple, Bitcoin Cash, Litecoin, EOS, and Stellar recorded gains in the range of 3 to 12 percent on the day, demonstrating solid momentum over the last 24 hours.

Bitcoin is showing signs of increasing buying pressure, many altcoins have not yet been able to break above their resistance levels, with Ethereum still trading below $160.

The cryptocurrency’s price action is certainly a positive development for the, but one analyst claims that it must maintain above this price level for the rest of the day in order for him to turn bullish.

Mati Greenspan, senior market analyst at eToro, also mentioned the latest move up in a recent tweet, saying that Bitcoin’s big test remains at $5,000.

Cryptocurrency trader with an online alias “The Crypto Dog” said, the valuation of cryptocurrencies would have to break out of major resistance levels in the range of $160 billion to $180 billion to call for a convincing short-term rally.

Altcoins Jump, Ethereum Faces Strong Resistance

Although most altcoins have surged, Ethereum is still stuck under $160, which is becoming an increasingly strong resistance level. At the time of writing, Ethereum is trading up marginally at its current price of $152.

Ethereum’s price has climbed significantly over the past month on investor’s expectations for its upcoming Constantinople fork event which is scheduled to occur around January 16th. Several weeks ago, in mid-December, Ethereum was trading at $83, from which it is currently trading up over 90%.

Ripple, XRP is currently trading up 3.2% at $0.369 and is still trading below its one-week highs of $0.38. Litecoin is one of today’s best performing altcoins and is trading up nearly 12% at its current price of $39.3. Litecoin is up from weekly lows of $30.

For three months the market has hovered between $100 and $140 billion. As seen in the yearly chart below, short-term volatility in a low price range doesn’t present a proper accumulation period.

Many traders anticipate an increase in market capitalization to $180 billion as a potential catalyst for a mid-term rally. Even a recovery to $200-$250 billion range could still leave the market vulnerable to a future additional drop in value.
There exists several catalysts in the likes of the scheduled launch of Bakkt, the U.S. Securities and Exchange Commission (SEC)’s decision on the VanEck Bitcoin exchange-traded fund (ETF) filing, and the development of Nasdaq’s Bitcoin futures market that may contribute to a potential rally of cryptocurrencies in the first quarter of 2019.

Marshall Island Likely to Launch World’s-First Legal Cryptocurrency

Despite International Monetary Fund’s (IMF) warning, the parliament of Marshall Island passed a law supporting the launch of the world’s-first legal cryptocurrency. Earlier this week, the law went un-opposed by an official council.

In February 2018, the Parliament of the Republic of the Marshall Islands (RMI) passed the Declaration and Issuance of the Sovereign Currency Act 2018. The act announced the adoption of a cryptocurrency, ‘Sovereign’ or ‘SOV’, as legal tender.

The officials said this would be a big step towards “manifesting [their] national liberty.” The government of Marshall Islands hopes to see mass acceptance of the currency with in the country and outside. The officials have high hopes of Sovereign being used for every monetary transaction, from paying taxes to buying groceries.

IMF’s Warning

On 10th of September, the IMF warned the Marshall Islands of the down sides of accepting cryptocurrency as a legal tender. The IMF said this could pose risk to the country’s relationships with foreign banks as well as its financial integrity. Losing ties with international banks could harm the country’s economic stability since it is “highly dependent on receiving and spending U.S. grants,”

The IMF warned the RMI about the risks of adopting a cryptocurrency as a second legal tender. Anti-money laundering (AML), counter financing of terrorism (CFT), economic, reputational and governance risks could bruden the economic stability of the country.

The RMI urgently needs to set-up “strong policy frameworks” before issuing a digital currency. The country has only one domestic commercial bank and it stands at risk of losing its banking relationship with another bank in the US.

“In the absence of adequate risk mitigating measures, the issuance of a decentralized digital currency as a second legal tender would not only increase macroeconomic and financial integrity risks but elevate the risk of losing the last U.S. dollar CBR.”

The ‘Sovereign’ Currency

Marshall Island is partnering with an Israeli financial technology startup, Neema, to create and issue SOV. The hard cap on SOV will be at 24 million tokens to prevent inflation within the country. An ICO will be issued to bring the cryptocurrency to the masses. RMI hopes to raise a lot funds, following the footsteps of Venezuela. The country raised $735 million in its ICO for Petro.

In order to resolve numerous scams that anonymity has caused in the crypto market, the Marshall Islands government requires its investors to identify themselves on the blockchain network. The tokens will be split between the government and the Israeli startup. The residents will receive 2.4 million SOVs and six million SOVs will go to international investors.

The Way Forward

With the growing market, one can say that cryptocurrencies are the currencies of the future. Governments of multiple countries such as China, Estonia and Iran are discussing plans of their own digital currencies. Venezuela has already come up with ‘Petro’, a cryptocurrency which is backed by oil.

On the other hand, the Government of Marshall Islands is definitely feeling the heat from threats of financial aids being cut. President, Dr. Hilda Cathy Heine, is facing political attacks due to the same. These threats may temporarily delay the launch. Eight senators have fiercely opposed the initiative by submitting a motion of no confidence. Still, the country remains hopeful.

Cryptocurrency Investors migrate to ‘Blockchain Island’

Cryptocurrency investors move to the ‘Blockchain Island’ – Malta.

Malta earned the title after becoming the first jurisdiction in the world to implement blockchain regulations. Also, the Mediterranean island is the headquarters of two famous exchanges, Binance and OKEx. Most recently, ZBX set up offices in the rising crypto hub.

The Maltese Parliament passed a law setting the framework for blockchain distributed ledger technology (DLT), cryptocurrency and digital assets in July this year. Malta is one of the world’s smallest and densely populated countries.

Blockchain Summit

The massive scale of the Malta Blockchain Summit, which takes place this coming week (November 1-2), reflects the new-found momentum. In last December, Malta started discussing their plans for the summit. The blockchain summit will see many banks and some big names in venture capital (VC) space attending the summit. The summit is set to take place at the InterContinental Hotel at St Julian’s on the island. The event consists of four conferences over the two days:

A Regulatory conference;
A Marketing and Investment conference;
A Developer and Technology conference; and,
A Tokenomics and Crypto conference.

Crypto exchanges and Malta exchange

Binance, the largest crypto exchanges by trading volume, signed a Memorandum of Understanding (MoU) last month with MSX Plc, the fintech and digital asset subsidiary of the Malta Stock exchange. The memorandum discusses plans of Binance extending its business to Malta, in recognition of the country’s crypto regulatory climate. Changpeng CZ Zhao, CEO of Binance was quoted saying :

“Malta has become a global hub for blockchain technology through active and transparent crypto regulations.”

5,000 delegates, along with hundreds of investors, around 100 speakers, and some 300 sponsors and exhibitors are expected to attend the huge event in a few days time. The Malta Blockchain Summit will set the stage to announce the new crypto, ICO and blockchain regulations for Malta, as well as the potential applications of blockchain across a myriad of industries such as entertainment, government, and banking.

Positive Response

There are various reasons that allure the vast number of various blockchain related companies to escape to Malta. The reasons include the forward thinking approach of the government towards blockchain regulation and their low corporate-tax. Also, the government is a part of the European Union zone which attracts many companies.

Coinvest, the crypto investment trading firm, is planning to join hands with the Maltese government to establish a blockchain council. Additionally, the new regulatory framework also supports ICO companies in their financial products, attracting many new and innovative projects to set up their base camp on Blockchain Island.

Introduction of New Bills

Three new decentralized ledger technology bills are expected to come into action. The bills include:

The Malta Digital Innovation Authority Act,
The Innovative Technological Arrangement,
Service Act and
The Virtual Financial Asset Act.

The Summit is already on its way to become an annual landmark event in the global blockchain calendar. It is also expected that the summit will be hosted in 2019 as well.

Panaesha Capital offers products in the fintech industry such as blockchain platforms and other white label softwares. Visit us at www.panaeshacapital.com

Google reverses cryptocurrency advertisement ban in the U.S. and Japan

Google lifts its ban on cryptocurrency advertisements and commercials, in the U.S. and Japan.

The company also plans to allow legal crypto exchanges to display ads in these countries, and the new policy is expected to kick off in October.

In March, Google updated its financial services ad policies to restrict any advertisement about cryptocurrencies, Initial Coin Offerings (ICO), Wallets and trading advice. Now, Google is reversing the course with a new policy where regulated exchanges will be able to display ads in the U.S and Japan. Advertising about ICO’s, Wallets and trading is still restricted.

Although cryptocurrencies are high ROI investments, the market is plagued with high profile scams and frauds. Google, Facebook, Twitter and Snapdeal, all imposed stringent restrictions on cryptocurrency ads.

Google’s member, Scott Spencer, made a statement during the earlier ban. Spencer believes that even though the company doesn’t know the future of cryptocurrencies, there is enough scope for consumer harm. Google intends to deal with the industry with extreme caution.

Google’s new policy applies to advertisers globally, even though the ads can only run in the United States and Japan. The interested firms are expected to apply for certification to run the ads in each country, individually.

Alphabet gets approximately 86% of its total income from advertising and commercials. The company booked almost $54 billion in ad revenue in the first half of 2018. Facebook, a huge social media platform, also advertised cryptocurrencies back in June.

However, the certification process seems complicated in an era where social media platforms like Facebook has lost its credibility as a platform.

The lessons learned from the last bull run will be very valuable for the next one.The reversal of the ban can be considered as a small step towards the legalisation of cryptocurrencies.

Cryptocurrency advertisements on major platforms like Google is bound to increase awareness about the industry. Although digital currencies are recognized as legal commodities in some countries, most of the world is yet to embrace the asset. The U.S. does not recognize cryptocurrencies as legal tender; major crypto-firms actually consider relocating to other countries with favorable regulations. The lift in the ad ban on Google is expected to positively impact the crypto-industry by helping investors and crypto-firms to connect.

Many firms in the industry offer products and services that can optimize day-to-day interactions and trades. Panaesha Capital is a Singapore-based fintech firm with tools in the realm of cryptocurrencies and blockchain technology.

What do you think about Google’s ban reversal? Will it positively affect the market? Comment below.

How Digital Currencies Are Necessary For A Developing Economy

Cryptocurrencies have the potential to change the lives of some of the world’s poorest and most needy people for the better. Cryptocurrencies have the power to improve the lifestyle of the residents of developing economies and make them participate in the global economy and escape from poverty.

The digital currencies can help in areas like hyperinflation, poverty, lack of jobs, lack of access to banking, lack of capital and poor access to markets. This aim can only be achieved by giving everybody access to modern banking and financial services through blockchain technology.

Many economists and aid officials and bankers who have researched and found that a combination of cryptocurrencies and mobile phones will give the world’s poor access to the global economy.

A brief introduction of how mobile phones and cryptocurrencies can liberate the lower-income category:

Mobile World Live reported that more than $10 billion worth of money was deposited and withdrawn through the M- Pesa peer to peer app in Kenya between July and September of 2016. Safari.com had 20.7 million users in Kenya alone last year.

Many companies, after the success of M- Pesa, are trying to replicate it by offering cryptocurrency banking services through apps. Micro money claims to have made 40,000 loans to people in Myanmar, Cambodia, Thailand, Indonesia and Sri Lanka through its blockchain system. This system was made possible through a mobile app that is easily available on Google Play. Micro Money aims to make banking services like loans available to the world’s unbanked population, which is almost 2.5 million.

If the unbanked population is given access to the banking facilities, women will be greatly benefited because 55% of the unbanked population are women. This is a statistic from The World Bank.

Empowering Businesspeople

BitPesa is also on the same path; it is designed to help importers in Kenya, Nigeria, Tanzania and Uganda to receive payments from or send money to Europe, USA or China.

BitPesa has more than 6000 users in 85 countries. The company claims that the users have made 17,000 transactions through its blockchain system. The objective is to encourage entrepreneurship by letting business people receive payments in multiple currencies.

Another asset of companies like BitPesa is that the money is sent directly to people in developing nations, instead of aid workers.

How Ethereum can help refugees

Cryptocurrencies have grown so much that even the United Nations World Food Program is using these currencies to help the poor. The program started using ethereum to send funds to 10,000 refugees in Jordan in May 2017.

In 2018, the Financial Officer of the United Nations World Food program Houman Haddad hopes to use Ethereum to send funds to upto 500,000 refugees. The UN has selected Ethereum because it can be sent to apps on mobile phones. Many of the refugees have access to mobile phones but are deprived of banking facilities. Setting up a mobile phone tower might be cheaper and faster than the traditional relief efforts.

Overcoming Inflation

A very common problem occuring in developing countries is inflation. People in some areas are poor because their money is not of any value. Corrupt governments can make money worthless by simply printing too much of it.

Venezuela is suffering from 1600% inflation. The rate reached 500% in December 2017.

Replacing Corrupt Financial Systems

Another use for cryptocurrencies in countries affected by inflation is as savings. Local activists and traders in Nigeria and South Africa believe that cryptocurrencies can democratize the economy by giving the average person access to cash.

Panaesha Capital is a fintech company with products and services in the sphere of blockchain technology and cryptocurrencies. The company’s products can be used from anywhere on the globe. Log on to www.panaeshacapital.com for more info.

A STUDY OF THE FACTORS AFFECTING THE DIGITAL CURRENCY MARKET

“If you don’t find a way to make money while you sleep, you will work until you die”. – Warren Buffet

The cryptocurrency market has continued to go up the ladder ever since it was introduced to the world. It has attracted the attention of many people and is continuing to gain popularity. The most popular cryptocurrencies have grown tens and hundreds of times their original value in just a few years. The digital currency market has always proven to be extremely volatile. You can make a fortune in a moment and lose it the next. Fortunately, the market as a whole is much more profitable than it was a few years ago.

Many new investors are setting foot into the digital currency market, but there are a significant amount of risks involved. The market may correct 50-70% in just a few days and inexperienced investors can suffer huge losses. So one should always consider the factors behind the volatility of the market and how these factors can affect the prices.

Let us go through some of the basic factors that affect the market :

News

The media has the power to manipulate the public. Any news feed can create panic or excitement in a moment. The direct impact of news is perfectly reflected by many high profile events in the world. Recall the situation when China banned the ICO authorities in September 2017? The news created such a havoc that the price of Bitcoin collapsed from $5000 to $3000. This factor is applicable to short term forecasts.

News can be categorized into two zones; political and systemic. For example, the latest turmoil in January with the Chinese and the South Korean exchanges led to another collapse of bitcoin and altcoins, whereas NEO continued to rise against the backdrop of positive news from China. This event can be referred to as political sources. On the other hand, systemic sources imply innovative changes in the operation of one or another platform scaling in the market. So, it is important not only to follow the latest developments and news in the media, but to also take into account how news can be used for price manipulation.

Regulations
One factor that can immensely affect the crypto-market price is the regulations. Now as the central banks and governments are beginning to catch up with the cryptocurrency markets, the need for introducing more complex rules is building up. The tougher the rules, the bigger the chances of a price drop.

Technological Progress
As the market demand increases, one cannot ignore the technological aspects. The need for independence, anonymity, security, fast and cheap transactions lay a solid foundation for the development of the digital market. Technological advances will make life easier not only for ordinary people but it will also make businesses more efficient and transparent. If the regulatory system is brought under control, the market will continue to march confidently towards a new economic system. The results of such transformations are impossible to predict: the transformations could lead to a complete failure or an innovative breakthrough in technology and economics.

Political Factors
A serious political situation can destabilize the crypto market. When South Korea announced the closure of the crypto exchanges, it led to a collapse in the market. But it should be noted that news is not always relevant and does not always reflect objective positions. Political regulation can affect the crypto market, provoking a global outflow of funds. China’s ban on mining is an example of such a situation. The mining in China occupies a large share in the total number of pools. Therefore, a significant amount of capital is concentrated here, which can affect the market balance and lead to long term delays. It should also be understood that sometimes regulations can also mean good and positive news for the market development.

Economic Factors
World financial instability shakes the trust in fiat currency and urges the investors and the people in general to think about alternative currencies. The digital currency market is young and vulnerable. Volatility has a negative impact on the recognition of cryptocurrency as a mode of payment. Inspite of the fact that technology has improved and the financial transactions are simplified, many areas still continue to remain the same: centralized management, restrictions and complexity in conducting micro transactions etc. The technology keeps advancing but the root principles do not change.

There are many factors that affect the cryptomarket. The currency is decentralized, the market is not. Each party has cryptocurrencies but the power is in the hands of the one who holds a significant amount of shares. In order to analyze the market, more global factors should be taken into consideration such as legal and regulatory framework, scaling and recognition.

So, Safe Trading!

Panaesha Capital is a fintech firm focused on blockchain technology and digital currency products. The new technology has mind-blowing implications on almost every sector and no amount of regulatory framework can curb its growth. In fact the underlying technology, blockchain technology, is being proactively utilized by several governments and Panaesha Capital aims to be at the forefront of the new revolution.

The Phenomenon That Makes You Lucky To Be Alive in This Decade

You are lucky to be alive in this decade because you saw the birth of an exceptional alternate currency. In 2009, a new form of digital currency was made public and has gained immense popularity since. The currency and its technology are now publicly adopted in varied sectors.

Of course, we are talking about Cryptocurrencies and Blockchain Technology.

Cryptocurrencies were invented to provide a decentralized, transparent, and yet secure fund transfer network between peers. This network is known as blockchain technology. The concept of decentralization is a much coveted one; several attempts were made in the past century with varying degrees of success. However, it was Satoshi Nakamoto who effectively implemented blockchain technology to create a distributed system for transactions.

Reasons why are the decade you are alive in will be historically significant:

Cryptocurrencies gained publicity in 2015-2018, providing an alternate investment possibility fitting the style of the millennials and the Gen Z.
In fact, cryptocurrencies appeal to the older generations too, as the technology is very easy to follow. On the other hand, older generations are known to be skeptical of virtual tokens and decentralized systems.
Cryptocurrencies are associated with immense returns. The ROI of cryptocurrencies is along the lines of almost 1320% whereas the ROI of traditional investments is around 6-7%. Such huge returns are unheard of and mind-baffling.
Digital currencies are decentralized; no single central entity has control over the whole network. The currencies follow a consensus based validation process which means that atleast 51% of the network members have to agree on an activity before the activity is finalized.
The data on blockchain technology is saved on a distributed ledger, which means that the data is stored on a network of computers rather than a central server. Since the data is distributed, any attempt to alter the network is visible to every node on the network, making theft and fraud impossible. This feature has colossal implications in the current market.
It became apparent in the past couple of years that blockchain technology is not limited to the transfer of currencies; any data of value can be transmitted through the technology.
Blockchain technology is currently being adopted into manufacturing supply chains, banking, insurance, voting, security, digital identification, educational records, etc. In a few years, almost every network on the planet will be improved by the technology.
Thousands of new employment opportunities are popping up for blockchain technology skills; well known universities like the LSA, Wharton, etc are modifying their curriculums to include blockchain technology subjects.

Do you think the technology will be as transformational as listed above or do you think it will be nullified soon by better technologies? Comment below.

Female Experts in Cryptocurrencies, not to be restricted to a ‘Pink Room’ in the Crypto-Community

The crypto-community is seen as a male-dominated world, but women

will fare just as well, if not better, in the industry.

Women are good at recognizing risks. The trait is well known and highly respected. Even possessing this necessary skill that will come in handy in the cryptocurrency world, women are criminally under-represented. As of June 2018, Google Analytical data shows that 91.2 % of individuals in the crypto-sector are men.

Bare-basics of Blockchain and Cryptocurrencies

Cryptocurrencies enlist cryptography and registry on the decentralized ledger to secure transactions. There is no central authority such as a technical institution or a bank. The transaction will occur directly between two people.

Blockchain technology, the underlying technology on which cryptocurrencies are built, can be used for not just financial transfer, but also for storage, computation, data transfer and so on. The technology will have many applications in the current world, though there are skeptics who doubt these applications in the long-run.

The Minor Role of Women in the Crypto-Community Explored

According to an international Quartz survey, out of 378 venture-backed startups in cryptocurrencies in 2012-2018, only a mere 8.5 % were founded-co-founded by women. Tech start-ups fared much better with 17.7 % companies with women on the founding team; still a low percentage.

The official conference party for the North American Bitcoin Conference in January 2018 actually took place in a strip club, reported the New York Times, calling the participants ‘blockchain bros’. Out of the 87 speakers in the event, there were on three female speakers. After receiving complaints about the glaring bias, the conference organizer, Moe Levin, replaced two male speakers with two women.

Women Intervene to Balance the Crypto-Community

In context of the #MeToo movement, groups like ‘Women in Blockchain’ have been successful in bringing attention to the need for diversity in the sector. The start-up ‘Mogul’ hosted an event ‘Women in Crypto’ in April 2018. Prominent female venture capitalist, Alexia Bonatsos, tweeted –

“Women, consider crypto. Otherwise the men are going to get all the wealth, again.”

Anastasi Shvetsova, managing partner at M&A PR agency said –

“Recently, I was at a summit where there was a ‘Pink Room’- a place designed specifically for women”

Managing partner at Autonomous Partners, Arianna Simpson declares that this is not the right approach. “There are women who are experts on literally every subject on crypto and outside of that. So, I think that bringing those highly qualified women on to the main panels is what should be happening, rather than saying ‘look, we have women in [the] blockchain panel,’ taking place at this specific time.” She has a point.

Panaesha Capital does not tolerate a ‘Pink Room’

Panaesha Capital Pte Ltd. a Singapore-based fintech firm, with platforms for cryptocurrencies and blockchains, recognizes skills rather than gender.

The company is already an exception to the Quartz survey; co-founded by Bhawna Phogat and with a greater strength in female employees than most crypto-startups world-over. Ms. Phogat’s expertise as a strong educational professional, with 10 years in the field, was monumental in founding the company.

A adept individual contributing to the successful growth of Panaesha Capital is the General Manager Chavi Ahuja. Ms Ahuja has a Master’s degree in Business Analytics and over 5 years of experience in Consulting & Analytics. She’s an aspiring Crypto Enthusiast and an Entrepreneur.

With no bars on gender or age and focusing solely on expertise and drive, Panaesha Capital is boosted ahead in business expansion by the company’s diverse employees. Explore the company website – www.panaeshacapital.com

LinkedIn Profiles

Phogat Bhawna – Co-Founder, Panaesha Capital Pte. LTd

Chavi Ahuja – General Manager, Panaesha Capital Pte. LTD

Sandeep Phogat – CEO/Founder, Panaesha Capital Pte. LTD