1.Indian Crypto Exchange Reports Record Trading Volumes Amid Regulatory Uncertainty
2.Binance donate $100k in the Cryptocurrency to Malta Charity
3.Infosys SVP Says Blockchain Technology Adoption Will Increase in 2019
1.Indian Crypto Exchange Reports Record Trading Volumes Amid Regulatory Uncertainty
Despite regulatory uncertainty and banking restriction imposed by the country’s central bank, an Indian cryptocurrency exchange says that it is seeing record trading volumes every month. The CEO of Wazirx told that the recent uptick in crypto prices has prompted a lot of Indians to start trading again.
Indian cryptocurrency exchange Wazirx says it is seeing record trading volumes despite a number of conditions that dampen trader sentiment such as the crypto banking ban imposed by the country’s central bank, the Reserve Bank of India (RBI).
The exchange’s CEO, Nischal Shetty, told “The recent uptick in the crypto prices has gotten a lot of Indians trading again … whenever there’s volatility people forget the problems and start trading. That’s exactly the reason why we’re seeing our volumes shooting up so fast.”
2.Binance donate $100k in the Cryptocurrency to Malta Charity
Binance Charity Foundation, the philanthropic arm of the exchange Binance has now opened a fundraising channel to simply support the terminally ill patients and disadvantaged children in Malta. The funds are raised in aid of the Malta national Charity – The Malta Community Chest Fund Foundation, which will provide with a material, finance, and professional support to improve the lives of the 15000 families and individuals.,
Binance, the leading cryptocurrency exchange, and TRON, the blockchain based operating system have also committed to donating $100000 in the cryptocurrency to the charity.
“Binance is just doing our part to contribute to people who are in need. Charity is one of those areas where everyone should help out if they can,“ said CZ, CEO, and Founder of Binance.
Justin Sun, founder and CEO of TRON said: “TRON has always believed blockchain has enormous potential for social good. As a technology leader, our partnership with BCF and Malta is one of many ways of accomplishing change for the better.”
3.Infosys SVP Says Blockchain Technology Adoption Will Increase in 2019
Gopi KK, Senior Vice President of Infosys, an Information technology consulting company says blockchain adoption will increase significantly in 2019 with the banking sector leading in its adoption, market participants’ collaboration and government-friendly policies will help to promote this growth, reported Gigabit on December 23, 2018.
Industries Are Adopting Blockchain Technology
In the interview, Gopi KK was quick to note that as of late, blockchain technology is being adopted by both the private and public sectors of many economies. This is because of its ability to bring about traceability, transparency, and provenance.
Despite these challenges, Gopi KK is of the opinion that the adoption of DLT will increase in 2019, as forward-thinking firms will be looking to harness the essential qualities of the burgeoning technology in a bid to improve their productivity and efficiency.
While the Banking sector seems to be leading in the promotion of this technology, the SVP believes that more industries will follow suit. Specifically, blockchain will gain more use cases in areas such as payments and settlement, trade, and provenance.
Also, companies in the same industry will continue to collaborate to take full advantage of DLT, he noted.
