Cryptocurrencies are dominating every dialog around the world today.
In January 2020, Bitcoin crossed the 40,000-mark and skyrocketed after Tesla said it will begin accepting Bitcoin obligations .
But, on Wednesday, Bitcoin had dropped by 13 percent and Ethereum by 15 percent. The fall started after Tesla CEO Elon Musk declared that the company won’t accept Bitcoin in payments, citing environmental issues created by cryptocurrency mining.
‘Buy the plunge ’ investors are now warned by financial consultants to wait prior to investing.
Bitcoin’s obstruction may also be traced to China’s crackdown on cryptocurrencies. On Tuesday, China verified that it is prohibiting financial institutions and payment systems from providing services related to cryptocurrency transactions. The nation also warned investors against speculative cryptocurrency trading.
Several cryptocurrencies have been seeing record expansion in value, propelled by global giants such as Tesla, PayPal, JP Morgan, and Visa.
India, too, is seeing improved trading and investments in this sector.
After the Supreme Court of India lifted the ban on cryptocurrency trades in March 2020, homegrown crypto exchange CoinDCX attained an astounding trading value of over $1.5 billion a month.
For the Delhi-based startup, this led to its user base growing by 150K to 400K shareholders on its market in the last 15 months.
Co-founders Sumit Gupta and Neeraj Khandelwal say the growth has been incredible, with the trading volume close to $0.5 billion per month by April 2020, crossing $1 billion in January 2021, and $1.5 billion in April 2021.
However, together with the Indian authorities coming out with “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021,” CoinDCX, alongside other industry players and specialists, are always engaging with the authorities and other relevant stakeholders to get a positive mindset.
They’re highlighting how big the crypto ecosystem from the nation, and also the financial opportunities for millions of Indian investors, like the authorities will usher sensible and positive regulations for the industry.
Read all about the way the Indian startup ecosystem is combating the next wave of COVID-19 here.
Here are some useful tools that will help you find the nearest vaccine centres in real time.
You may also share a tribute to both COVID-19 warriors, saviours, and swimmers here.
The Interview
The COVID-19 pandemic has been difficult on all people. Especially for those who have limited access to health care infrastructure.
In a time such as this, Pediatric Surgeon Dr Nilima Kadambi and Vikalp Sahni, Founding member of GoIbibo Group, and Founder of digital healthtech startup Eka Care, explain that it’therefore important not to panic in the face of adversity.
In a dialog, the duo talked widely about taking daily with a feeling of tranquility, focusing on emotional health, and which makes it a personal duty to disperse the right details.
Editor’s Pick: 100X Entrepreneur Podcast
Karan Bajaj, Founder and CEO of WhiteHat Jr, donned a couple hats prior to starting up. He had been the CEO at Discovery, an author with Penguin Random House and HarperCollins Publishers.
In this trip, Karan says that he took three professional breaks to understand himself better and accept jumps ahead. Read more.
Karan Bajaj, Founder and CEO of WhiteHat Jr..
Startup Spotlight
Pune-based Inspacco provides disinfection services during COVID-19
Amid the outbreak, India saw a sharp rise in demand for routine sanitisation solutions to continue to keep houses, offices, and public areas disinfected and safe. And, Pune-based Inspacco is providing a remedy to this problem.
Founded in 2019 by IIM alumnus Sanket Nerkar and Paresh Kotkar, Inspacco is a service-tech startup, which offers maintenance services such as housekeeping, electricals, surveillancepest control, amongst others, to gated communities. Read more.
News & Updates
Bengaluru-based C-CAMP received CSR funds from Mercedes Benz Research and Development India (MBRDI). C-CAMP will utilise the funds to deploy approximately 110 oxygen concentrators in public health care centers across Karnataka.
OYO Founder and Group CEO Ritesh Agarwal declared that the startup will probably pay total salary for eight weeks, sponsor children’s education, extend medical care , and extend COVID-19 service to its alumni, inclusive of access to OYO’s COVID-19 warfare space, oxygen assistance, among other facilities.
Paytm Payments Bank Ltd said it continues to lead as the biggest UPI beneficiary bank ahead of the rest of the banks in India. According to the most recent report by the NPCI, PPBL has enrolled 430.04 million trades in April 2021 as a beneficiary bank.
Facebook said it is expanding its’COVID-19 Announcement’ tool in India which will help health departments of states and union territories share crucial COVID-19 related upgrades together with their communities. India is another country after the US to launch this attribute.
Hospital-focused supply series stage Aknamed obtained Vardhman Health Specialties (VHS) for $35 million. The trade enables Aknamed to encourage excellence in the delivery of health care essentials, with a improved pan-India footprint together with direction in therapeutic areas such as oncology, immunotherapy and virology.
Before you go, stay inspired with… 
“There are ups and downs in everybody ’s life but I do feel that we might have done a much better job of looking after this excellent world. Nevertheless, there is still time. ”
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