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The Supreme Court of India declined to grant an interim injunction against the Reserve Bank of India (RBI) circular banning banking services for companies dealing in cryptocurrency, according to a Twitter post by Crypto Kanoon May 11. Crypto Kanoon is a team of Indian lawyers engaged in crypto regulatory analysis and legal awareness.

11 different representatives from various crypto-related businesses who filed a petition with the Indian Supreme Court seeking an interim injunction against the circular. Court documents confirm that the injunction was denied and the case is still pending. The case will be heard again on May 17.

An interim injunction is a provisional measure sought during legal proceedings, before trial, requiring a party either to do a specific act
or to refrain from a specific act. They are intended to prevent unjust circumstances pending trial.

Last month, the RBI ordered regulated banks and payment platforms to “immediately suspend their services” to companies dealing with digital currencies. The RBI’s statement was met with public outcry as the bank’s move directly affected the interest of a great number of cryptocurrency companies and startups. The circular reads:
“… it has been decided that, with immediate effect, entities regulated by the Reserve Bank shall not deal in VCs [virtual currencies] or provide services for facilitating any person or entity in dealing with or settling VCs. Such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase/ sale of VCs.”
Tech investor Tim Draper warned that the move by RBI could cause a brain drain, in which Indian crypto and blockchain entrepreneurs take their business abroad due to restrictive regulations at home. While Draper approves of Prime Minister Narendra Modi’s crackdown on corruption, he called the government's denial of crypto as legal tender “a huge mistake”.

In April, a group of cryptocurrency exchanges in Chile appealed to the courts to fight the decision of the country’s banks to close their accounts. The exchanges Buda, Orionx, and CryptoMarket (CryptoMKT), stated that the banking system in Chile was taking matters into their own hands and that they are “killing the entire industry.”

On April 25, Buda persuaded the country’s anti-monopoly court to order the re-opening of its accounts at two major Chilean banks. The court published the ruling on its website, ordering state bank Banco del Estado de Chile and Itau Corpbanca to re-open Buda’s accounts while the exchange’s lawsuit continues.
Blog about cryptocurrency, latest news, celebrity, Bollywood news, facts, riddle, Interesting facts, daily facts, amazing facts and latest trends.

Image result for indian government cryptocurrency

Government officials with the Reserve Bank of India announced on Thursday that, effective immediately, banks would be prohibited from "dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies."
Essentially, that means people in India are now unable to move money from bank accounts to exchanges in order to buy cryptocurrency. What's more, if you've sold your fat gains for cash, you are no longer able to move that money back to your bank account.
So reports The Economic Times, which quotes an RBI press release as noting that, going forward, "any user, holder, investor, trader, etc. dealing with virtual currencies will be doing so at their own risk."
This announcement didn't come out of the blue. Earlier this year Indian finance minister Arun Jaitley straight up trashed cryptocurrencies.
"The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system," he is reported as saying in a budget speech. 
So did India just ban Bitcoin? Not exactly. It did, however, just make buying, selling, or using cryptocurrency in the country a heck of a lot harder. 
According to Cointelegraph, RBI's deputy governor, Bibhu Prasad Kanungo, explained the motive behind the action as a proactive measure to ensure financial stability.
"Internationally, while the regulatory response to these tokens are not uniform, it is universally felt that they can seriously undermine the AML (anti-money laundering) and FATF (Financial Action Task Force) framework, adversely impact market integrity and capital control," he reportedly noted in a press conference. "And if they grow beyond a critical size, they can endanger financial stability as well."
This development follows on the September news that China ordered the closure of all locally based cryptocurrency exchanges, and then in February attempted to straight up block accessto exchange websites. 
While RBI's move is definitely not good for cryptocurrency in general, it is a far cry from the stricter measures taken by India's neighbor. So, you know, all you international hodlers can breathe easy for now. 
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Companies like Cambridge Analytica use predictive analytics and behavioural sciences to draw trends based on user data, which can go a long way in influencing voters. Cambridge Analytica worked with presidential candidate Donald Trump during the last US elections. “Analysing millions of data points, we consistently identified the most persuadable voters and the issues they cared about. We then sent targeted messages to them at key times in order to move them to action,” the company’s website says about the US polls.

India, with one of the world’s youngest electorates, is a fertile ground for firms like Cambridge Analytica. In the 2014 polls, social media emerged as a vital campaigning tool. So much so that a large number of candidates listed their Facebook, Twitter, and YouTube accounts in their poll affidavits. And before the rise of the fake news phenomenon in the US during the last election cycle, these platforms had also been instrumental in spreading spurious information to influence Indian voters.

When 133 million young Indians cast their vote for the first time in the 2019 polls, these tools will come handy once again.

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Facebook is facing a crescendo of questions about how user data was harvested for political purposes, and for a second day investors dumped its stock over the risk the scandal poses to its business.

Some U.S. lawmakers are calling on Facebook CEO Mark Zuckerberg to testify. British members of Parliament are summoning Zuckerberg too. Frustration is brewing within Facebook. But for now Zuckerberg is remaining silent about the uproar.
Investors are taking the matter seriously. Facebook stock closed down 2.5% on Tuesday after falling as much as 6% in intraday trading. Tens of billions of dollars have been wiped off Facebook's market value this week.
The scandal erupted over the weekend when The New York Times and UK media reported that Cambridge Analytica tried to influence American voters using information improperly gleaned from 50 million Facebook users.
Facebook suspended Cambridge Analytica, but the ensuing controversy has seriously hurt the brands of both companies.
There's even a swell of search interest in "how to delete your Facebook account," although experts doubt Facebook will actually lose many users as a result.
In the wake of the damning stories, there may be multiple government investigations into Facebook's privacy practices.

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These women are not only good in their respective sports, but they also add plenty of glamour to the mix. Here are the top 10 hottest women in Indian sports:

#10 Jwala Gutta (badminton)

Jwala Gutta is a left-handed Indian badminton player who has won the National Badminton Championships as many as 13 times. One of the best women's doubles badminton players India has ever produced, Gutta is also an Arjuna Awardee. Pairing with Ashwini Ponnappa, she won a bronze medal at the 2011 London World Championship. She also won the silver medal at the 2014 Commonwealth Games.

#9 Sunitha Rao (tennis)

Sunitha Rao is a former American tennis playerofIndianbackground. Rao has 8 career titles on the ITF Women's Circuit and has reached 7 finals in singles. Sunitha has played for India at theFedCupand2008 Summer Olympics.

#8 Sonika Kaliraman (wrestling)

Sonika is the only female wrestler who has represented India in the Asian Games; she was a member of the Doha Asian Games squad in 2006.She has also featured in the reality TV show 'Khatron Ke Khiladi' with Bollywood star Akshay Kumar.

#7 Prachi Tehlan (netball)

Prachi Tehlan has played both basketballand netballat the professional level for India and has won various medals in her sporting career. She was the captainof theIndian netball team at the 2010 Commonwealth Games.Under her captaincy the Indian team won itsfirst medal at the South Asian Beach Gamesheld atHambantota, Sri Lankain 2011.

#6 Akanksha Singh (basketball)

Akanksha Singh is the captain of the India women's national basketball team. In 2010, Akanksha was awarded the Most Valuable Player in Indias first Professional Basketball league, MBPL 2010. She is one of the most skilled ball handlers in the country right now. Akanksha has been given the 'Best Player' award in many national and state championships.

#5 Sania Mirza (tennis)

Sania Mirza is the most decorated female Indian tennis player of all time. She is the highest ranked female tennis player ever from India, with a career high ranking of 27 in singles and 7 in doubles. She is the first Indian female player to surpass US$ 1m in career earnings and also the first Indian to win a WTA Tour title.

Playing for the Indian Aces in the International Premier Tennis League, Mirza is proving to be a strong force in women’s double’s tennis.

#4 Saina Nehwal (badminton)

Saina Nehwal is India's best ever female badminton player, having attained a career best ranking of 2. She became the only Indian to win a medal in badminton at the Olympics when she won bronze at London 2012. She is the first Indian to win the World Junior Badminton Championships and was also the first Indian to win a Super Series tournament, by winning at the Indonesia Open on 21 June 2009.

#3 Dipika Pallikal (squash)

Dipika Pallikal is an accomplished Indian squash player. She is the first Indian woman to enter the top 10 of WSA rankings. Dipika won 3 WISPA tour titles in 2011; she was also the runner up at the Tournament of Champions in 2012 and she reached the semifinals of the Australian Open that same year. She won her sixth WSA title by winning the Meadowood Pharmacy Open in February 2013. She also won gold at the 2014 Commonwealth Games in Glasgow.

#2 Tania Sachdev (chess)

Tania Sachdevis an Indianchessplayer, who holds the titles ofInternational Master (2008) andWoman Grandmaster (2005). By virtue of becoming the eighth Indian Woman Grandmaster, Tania was given the prestigiousArjuna Awardin 2009.

#1 Sharmila Nicollet (golf)

Sharmila Nicolletis anIndo-Frenchprofessional golfer.Nicollet has represented India at the Doha Asian Games in Doha 2006. She became the youngest female golfer to win theAll-India Ladies Amateur Championshipin 20072008.She is also the youngest Indian golfer to qualify for the Ladies European Tour. Nicollet was the champion at the Hero-KGA tournament in 2012.She has a total of 11 wins on the Women's Golf Association of India tour.
Blog about cryptocurrency, latest news, celebrity, Bollywood news, facts, riddle, Interesting facts, daily facts, amazing facts and latest trends.
Two of the biggest digital currency trades in India are stopping activities as of Monday in the midst of mounting administrative weight.

Two of India's most noticeable cryptographic money trades are stopping activities on Monday because of administrative weights making computerized cash stages disagreeable in the area.

Tokens commercial center BTCXIndia and subsidiary Ethereum exchanging stage ETHEXIndia have declared choices to stop their exercises, as per the India Times.

BTCXIndia messaged a warning to its part, saying the organization won't acknowledge stores successful from January. All stores got after January 1, 2018 will be consequently diverted to the speculator's ledger, the organization said. It likewise prompted the individuals who had joined to instantly pull back their assets.

BTCXIndia wrote to its members:

“It's been 4 years since we opened BTCXIndia, and 2 years since we opened ETHEXIndia. We have served 35000+ customers during the years and have witnessed the BTC price go up 50x and the ETH price go up 100x. We have kept your crypto safe, and allowed you to trade against others on equal terms, in a safe environment, while adhering to KYC & AML and other tax compliance requirements.”
The exchange went on to note:
As we heard in the budget speech, the Indian government is discouraging cryptocurrency trading. This has been clear also by government actions in the last year, and has put our business under a lot of stress and putting us in a position where we don't feel that we can continue our business in a professional manner any longer.
 BTCXIndia said it would focus on its consultancy services with "permission blockchains" until Indian market regulators have clarified rules on cryptocurrency trading.

It included the consultancy benefit business was propelled in April 2017, asserting to have created mechanized escrow administration, customer registry stages, and installment answers for a few customers in the wellbeing, money related, and farming segments.

A full-vowed blockchain research facility is booked for dispatch on March 9, BTCXIndia stated, communicating trust that the Indian government will come to perceive the enormous open advantages of blockchain innovation and present dynamic, clear standards.

India goes after crypto tax

The move by BTCXIndia and ETHEXIndia comes after India’s tax authorities sent nearly 100,000 notices to local digital currency investors under a government plan to collect dues from crypto earnings. 

Sushil Chandra, head of the direct taxes department, commented at that time-
People who have made investments (in cryptocurrency) and have not declared income while filing taxes and have not paid tax on the profit earned by investing, we are sending them notices as we feel that it is all taxable.
Blog about cryptocurrency, latest news, celebrity, Bollywood news, facts, riddle, Interesting facts, daily facts, amazing facts and latest trends.

1. Bolivia : 1 INR = 0.11 Boliviano


Hotels in Bolivia are insanely cheap, so if you plan on heading there for a bit of sightseeing, don't delay. Hit up Rurrenabaque, a small town with a jungle and river close by. A great place to drink, eat and stay for pocket-friendly prices, despite the currency difference.
They've even got hot springs!

2. Paraguay : 1 INR = 74.26 Guarani
One Paraguayan Guarani is equal to 0.014 INR. If that doesn't pique your interest, there's also the fact that Paraguay is the CHEAPEST country in the world, according to a survey by Mercer. This means the rent is cheap, the food is cheaper ( and we all know cheap food tastes better) and the beer is practically free.

3. Zimbabwe: 1 INR = 5.85 ZWD


1.00 INR is equal to 5.85 Zimbabwe dollars, making this a pretty cheap getaway, in terms of immediate gratification. The stay might not be cheap, but that is offset by the fact that food and generally everything else is unimaginably low priced. This is due to their 1000% inflation rate in recent times. Yes... one thousand percent inflation! The US dollar has been adopted as their official currency since 2010 but the exchange rate above gives us an idea of their hyperinflation situation.

4. Costa Rica : 1 INR = 8.15 Colons

1 INR is the same as 8.15 Costa Rican Colons (Yep, their currency is actually called 'colon'). That should be music to your ears, considering it's an island paradise where you can live out your Caribbean fantasies - sipping Pina Coladas and sunbathing at the beach, waving your rupee notes like an uncle at a Jagrata.

5. Belarus : 1 INR = 216 Ruble


The Ruble, which is the currency of this landlocked country, actually clocks in at 0.0058INR. That is quite a blessing, as you can soak in the culture in their museums and visit quaint and charming cafes at prices that seem like they're still in the Soviet era. There are lakes and forests and all kinds of other attractions, so just give up on your preconceived notions of Eastern Europe.

6. Cambodia : 1 INR = 63.93 Riel


Cambodia's currency is basically 0.015INR to 1 Riel. Stay, food and drink is cheap plus the place is steeped in history and culture. Go to Angkor Wat and read Dancing in Cambodia by Amitav Ghosh before you go to understand just how beautiful the place really is.

7. Hungary : 1 INR = 4.22 Forint


Hungary has several options for staying in hotels for as low as Rs 700 a night - rooms which have a bed, tv, and fridge, right in Budapest. Trains ply for nominal amounts and the place itself is beautiful, so go check it out quick.

8. Thailand: 1 THB = 2.06709 INR


You can get a return flight for INR 15000 or lower from some airports.
You can get cheap meals for INR 60 or lower if you’re up for some local street food (I eat this almost exclusively and not because I’m short on cash).
You can sleep for INR 200 or lower if you don’t mind living in non-AC dorms (they’re still pretty kickass).
Blog about cryptocurrency, latest news, celebrity, Bollywood news, facts, riddle, Interesting facts, daily facts, amazing facts and latest trends.


Hyperloop Transportation Technologies is an American research company to develop a transportation system based on the Hyperloop concept, which was envisioned by Elon Musk in 2013.
The idea was to develop a high speed, intercity transporter using a low-pressure tube train which would reach a top speed of 800 miles per hour (1,300 km/h) with a yearly capacity of 15 million passengers.


Virgin Hyperloop One (Hyperloop company) has signed a memorandum of understanding (MoU) with the Maharashtra government to build a hyperloop transportation system between Mumbai and Pune to bring travel time to just 25 minutes. The current travel time is around three hours. The MoU announcement was made during the Magnetic Maharashtra investor summit.
Virgin Hyperloop One is helping India to become a global transportation pioneer and forge a new world-changing industry. The Pune-Mumbai route is an ideal first corridor as part of a national hyperloop network that will reduce travel times between most of India’s major cities to under two hours.


Hyperloop is the next-generation train system, which uses a magnetic levitation and a low-pressure transit tube. The high-speed train network has been visualized as an alternative to short distance air travel and the existing train network. One can expect speeds reaching over 700 mph, which is around 1126 kilometers per hour. It is an economical idea with least emission of greenhouse gases and major economic benefits.