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E-Crypto News talks to MarketOrders COO Sukhi Jutla on Gender and Crypto 

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The E-Crypto News editorial desk recently decided to take a look at gender issues in the cryptospace. So much so that trends show that there are problems that need to be resolved.

These trends show that there are lower numbers of women in crypto.

Nothing could be further from the truth.

However, the few of them that are in the cryptospace are doing great things.

We reached out to Sukhi Jutla who co-founded MarketOrders.

MarketOrders is a B2B jewelry blockchain solution that solves the many problems within the industry using blockchain technology.

Recently, Sukhi was named as one of the UK’s most 100 inspirational female entrepreneurs by Small Business Britain’s: Entrepreneur 100’ campaign.

Who better to answer our questions than one of blockchain’s best and brightest?

Anyway, this is what she had to say.

Sukhi Jutla COO and Co-Founder MarketOrders

E-Crypto News:

  1. Congratulations on being named as one of the UK’s top100 female entrepreneurs!  How has the journey been so far?

Thank you! The journey has been very interesting with it’s up and downs. What it has taught me is that every business is unique and you will always come across challenges and obstacles and so developing a resilient mindset focused on finding solutions is the way forward for any business owner.

E-Crypto News:

2.  Do you think there is an enabling environment to encourage women to come into the cryptospace? Please tell us the reasons for your answer. 

I do believe that in recent years starting a career in technology has become more accessible for women and is more accepted as well.

The crypto space in particular does not discriminate and as long as you understand how the technology works (and there are many free resources available online to help you get started for free), this space is open for all and I hope more women will work in the area in the years to come.

E-Crypto News:

3. What are your thoughts on the low number of women in crypto in particular and technology in general?

Technology suffers from an image problem. A lot of the media and press portray technologists as men which can send wrong messages to women considering a career in technology.

Speaking personally (a female coming from an asian background) careers in technology were not considered suitable career paths for women like me so i had to push against this mindset to work in technology.

I believe the more we shine a spotlight on the many brilliant and diverse faces and minds that contribute to the technology field, the better we will be able to develop technology for the greater good including everyone who uses it and is impacted by it.

E-Crypto News:

4. Statistics in 2018 placed the number of female cryptocurrency traders at less than 10%. Has that statistic changed? What can be done to get more women to become involved in the industry?

I think the low numbers are due to many women not being aware that these types of roles exist.

Had i known there were jobs where you could do crypto trading i may have taken this path! So awareness and education of this technology is important.

The more women become aware of crypto trading, and if it’s something they would like to do, I am sure these numbers will increase in time.

E-Crypto News:

5. What challenges do women face in the industry?

I personally believe that lack of awareness and education in this technology is the biggest barrier to entry.

Confidence is also an issue. Some women (and even men) may not have the confidence to work in this field because of certain mis-conceptions they may have (i.e long hours, you need to be programmer etc).

My advice would be to have an open mind, learn as much as possible about the subject and then give it your best shot!. The biggest challenge we face is the lack of confidence we have. Once we overcome this, the sky is really the limit!

E-Crypto News:

6. What incentives can be put in place to encourage women to enter the crypto industry?

Education is key and I do believe this starts young and at school. Especially if girls don’t have access to a computer at home (and i didn’t have one until I was 20 years old!).

So it’s important that our libraries and schools are centres of learning for women. Perhaps have extra hours set aside for a commuting club at school especially for women to encourage them to become confident with using computers etc.

E-Crypto News:

7. How can we defeat the stereotypes that people have concerning gender and crypto?

We need to encourage and celebrate the achievements of all those working in this field to show that it is diverse and that there is room for women here too.

E-Crypto News:

8. Do you think generation Z will close the gender gap in crypto? Please, tell us the reasons for your answer.

Technology and access to educational content has exploded over the years and Gen Z are more tech savvy that any previous generation including women having greater access to technology. So yes I do believe they can help to the gender gap.

E-Crypto News:

9. Will the recent Bitcoin price rise be one more reason to encourage women to look into cryptocurrencies? Please, tell us the reasons for your answer. 

Yes i do as women are historically good financial planners and tend to save more. I think the interest in the bitcoin price rise will encourage some of them to consider investing a small portion of their holdings into assets such as crypto.

E-Crypto News:

10. What do you think the future holds for the women in the cryptocurrency, distributed ledger technology (DLT), and blockchain industry?

The future is very bright! We are still in the early days of discovering what this technology can do and the more people that get involved (women included) the better it can only be!

Source: https://e-cryptonews.com/marketorders-coo-sukhi-jutla-gender-crypto/

Blockchain

Bitcoin: Here’s the long-term signal you might be ignoring

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Bitcoin’s market capitalization hitting $1 trillion corresponded with a surge in price on the charts. In the said case, the last of the market volatility and network momentum pushed the price higher, before the drop that followed. However, if we look at Bitcoin as an asset to be used as collateral, there is wider scope for the vertical growth of its market capitalization.

Arcane Research’s latest report looked at the journey from $1 trillion to $20 trillion, a figure that is the value of the global market for collateral. Currently, while this $20 trillion market is dominated by government bonds and cash-based securities, there is a widening gap that is creating systemic risk in the system.

This makes it possible for Bitcoin to bridge the gap and make the collateral system largely risk-free and stable, unlike the fragility being observed right now. Counterparty risk and credit risk are currently the top two challenges in the collateral system and Bitcoin could emerge as the ideal solution in such a case.

Using Bitcoin as collateral, and how it impacts the price

Source: Arcane Research

Based on the aforementioned report, it can be estimated that around 6,25,000 BTCs are being used as collateral in the crypto-market. At their current price, that would be worth approximately $30 billion. However, right now, Bitcoin accounts for just 0.15% of the total collateral market. With the figures for the same expected to rise, the same is likely to have a positive impact on the price in the long-term.

Of late, whenever Open Interest on derivatives exchanges has hit a peak, it has coincided with times of high volatility and hikes in Bitcoin’s price, with corrections following soon after. An over-leveraged market is closer to price correction, based on past instances in previous cycles.

Using Bitcoin as collateral, and how it impacts the price

Source: Arcane Research

The attached chart, for instance, highlights the OI in Bitcoin Futures corresponding to March 2020’s Black Thursday and the recent ATH of $58,330. Since derivatives markets were the ones to first introduce Bitcoin as collateral, a hike in OI in Bitcoin Futures signals there may be an increase in the amount of Bitcoin being used as collateral, and eventually the price of the asset, in the long-term.

Now, this metric may not influence the price in the short-term as much as other metrics like trade volume, exchange reserves, and the SOPR. In the long-term, however, leveraged futures may lead to a hike in Bitcoin’s price.


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Source: https://ambcrypto.com/bitcoin-heres-the-long-term-signal-you-might-be-ignoring

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Blockchain

ProBit Exchange Lists EXGold (EXG) | Gold For The Digital Age

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ProBit Exchange Lists EXGold (EXG) | Gold For The Digital Age

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EXGold (EXG) has officially listed their token EXG on ProBit Exchange as the digital gold solution solidifies their partnership networks with one of the top South Korean exchanges and its global demographics.

EXGold was developed to capitalize on the burgeoning stable coin niche through its innovative, digitized protocol. Eliciting unmatched price stability and promising conceptual NFTs, EXGold will offer a reliable revenue stream for holders willing to subscribe to predetermined lockup periods.

Pegged to the price of gold, EXGold will reflexively mirror the price of its real-world counterpart. This relationship is immutable, meaning 1 EXGold token will always be worth the price of 1 gram of gold.

Grounded in the Ethereum protocol, EXG offers frictionless transferability and inherent scarcity, with a circulating token supply fixed at 5 million. EXGold ensures a fair, secure incentive structure with programmable smart contracts and predetermined lock-up periods. Soon to be available on Uniswap, EXGold developers are pushing to establish EXG as a potentially leading stablecoin and safe-haven asset.

EXGold’s recent partnership with a Peruvian mine, enabling direct tradeability, is a first of potentially many, real-world partners and the platform is transforming how traders interact with gold and view the “buy” and “hold” process.

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ABOUT EXGOLD

EXGold is a digital secure way to buy and hold gold and is pegged to 1 gram of gold.

http://www.exgoldproject.com/

ABOUT PROBIT EXCHANGE

ProBit Exchange is a Top 20 crypto exchange globally. We have completed over 200 rounds of IEO and have been consistently ranked Top 4 in Korea. ProBit Exchange provides unlimited trading access highlighted by over 1,000 trading pairs.

PROBIT EXCHANGE’S GLOBAL BRAND TRUSTED BY MILLIONS OF USERS 

100,000+ community members
800,000+ monthly active users

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User interface of Multilingual website supporting 41 different languages

Marketing and community support in 8 key languages

Join our active programs and get huge benefits!

1. Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee

2. Stake Mining: Stake PROB and earn PROB at a rate of 4% per annum 

3. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit

4. ProBit Exclusive: Subscribe to 50% off Top 200 tokens 

5. Auto Hold Campaigns: Hold tokens and get 6% annualized returns

ProBit Global: www.probit.com

ProBit Korea: www.probit.kr

ProBit Telegram: https://t.me/ProbitEnglish


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/probit-exchange-lists-exgold-exg-gold-for-the-digital-age/

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Blockchain

Bitcoin: Another Correction Stage is Over

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

The digital currency is actively recovering after a deep correction. For bulls, it was important to make the price rebound from the support area at $42,500. A lot of investors are scared by such high volatility of the cryptoasset, even hedge funds are pretty sure that the number of institutional investors, who are ready to invest in BTC, will significantly increase after these fluctuations slow down.

Citibank experts believe that there comes a crucial moment for Bitcoin and the digital asset may either become a global payment method or end up with another speculative blowout. JPMorgan specialists are very active in recommending their clients to hedge from other types of markets, such as stocks and precious metals, and invest up to 1% of their investment portfolios in Bitcoin and other digital currencies.

btcusd

In the daily chart, BTC/USD has once again rebounded from the area between Moving Averages and that’s still an indication of a bullish impulse. The previous movement from such an area resulted in further growth of the asset by more than $29,000. Possibly, this scenario may repeat this time as well and BTC may reach $72,000-75,000. Another signal in favor of this idea is another rebound from the support line at the RSI. However, the bullish scenario may no longer be valid if the instrument breaks the rising channel’’ downside border and fixes below $42,950. After that, the price may move downwards with the target at $29,135.

The current asset growth can’t even be stopped by growing criticism of the primary cryptocurrency. Bill Gates is sure that the performance of transactions in the Bitcoin network is extremely power-consuming if compared with conventional transfers, and that causes a lot of harm to nature in the long run. Rakesh Jhunjhunwala, who is called Indian Warrant Buffett, appealed for regulating authorities to ban BTC in India and said that the asset was just a speculation of the highest order.

Many investors think that the current aggressive growth of Bitcoin is just a temporary phenomenon caused by heightening interest among major investors. As far back as a year ago, Ray Dalio said that with cryptocurrencies moving higher and being accepted everywhere, these assets may face aggressive criticism as well as an eventual ban by authorities. This is exactly what we are witnessing right now.

btcusd

As we can see in the H4 chart, BTC/USD has broken the descending channel to the upside and may continue trading upwards to reach $65,000. However, one shouldn’t exclude that the pair may resume growing only after returning to the broken border. A strong signal in favor of a further uptrend will be a rebound from the support line at the RSI.

Disclaimer

Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Source: https://themerkle.com/bitcoin-another-correction-stage-is-over/

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