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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

Elon Musk’s latest Dogecoin ‘trolling’ isn’t impressing the crypto community

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Tesla and SpaceX CEO Elon Musk argued on Twitter today that Dogecoin (DOGE) can beat Bitcoin (BTC) “hands down,” with just one small condition—almost every DOGE’s fundamental aspect needs to change, effectively turning it into a different token altogether.

So no big deal then.

“Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down,” Musk replied to a Twitter user who was arguing that “Elon is choosing $DOGE because Dogecoin is better than Bitcoin in many fundamental ways.”

Judging by the community’s reaction, a lot of users were left feeling unsure whether Musk was “trolling” or not. One commenter pointed out that if Dogecoin’s blockchain would produce 10-megabyte blocks every six seconds, this will make the network vulnerable to spam attacks.

“For those bad at math. 100X higher transaction volume with 100X lower fees means total fees earned stay same. Low fees & high volume are needed to become currency of Earth,” Musk retorted.

When asked why he won’t just make a completely new cryptocurrency that can satisfy these technical requirements, Musk explained that it’s a “big pain in the neck to create another one.” Still, he implied that this is also a possibility, but “only if Doge can’t do it.”

In his turn, Adam Back, CEO of Bitcoin development firm Blockstream, questioned Musk’s blockchain expertise in general.

“That’s not how any of this works, Elon Musk. Would be like someone wading into SpaceX with ideas for a cuboid rocket fueled by water,” Back wrote, adding, “He’s just trolling. And probably hitting a blunt.”

Other users were less lenient, arguing that if “Donald Trump has been banned for ‘being bad’ for people,” there is no reason why Musk “should keep having this privilege.”

In general, many commenters pointed out that for a blockchain network to drastically increase its throughput and scalability, it needs to make compromises in other areas such as security and decentralization. 

“Have you tried making your spaceships 10x lighter, and 10x faster, and also 10x bigger? This would ideally save on energy and efficiency,” another user ironically asked Musk.

In the end, regardless of whether Musk was actually joking or not, his behavior on Twitter—especially when it comes to cryptocurrencies—has been a bit over the top lately, some commenters argued.

“Because [Musk] has millions of newcomer users who may not know the difference. Funny trolling to him = rekt newbs in real-life,” Back concluded.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptoslate.com/elon-musks-latest-dogecoin-trolling-isnt-impressing-the-crypto-community/

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Blockchain

Bitcoin Hashrate of Major Chinese Mining Pools Drops Rapidly

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Bitcoin network’s hashrate recorded a rapid drop today across major Chinese mining pools including f2pool losing 11.26% a spool lost 16.23%, Binancepool recorded a decline of 14.38%, and Huobipool lost 23.68%. The rapid decline is being attributed to another power outage in Sichuan province. Industry insiders claimed the decline might be temporary and might bounce back soon.

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The decline in the mining pool’s hashrate comes days after the Bitcoin network’s mining hash power reached a new ATH. Bitcoin price on the other hand continued to consolidate under $50K. The top cryptocurrency saw a major sell-off a few days ago amid growing inflow on exchanges aided by Elon Musk-led Bitcoin network’s environmental impact FUD.

Bitcoin has been in a consolidation phase for over a month now after reaching a new ATH of $64,837, it recorded a sharp correction soon after falling over 20%. The recent sell-off was attributed to several factors including declining institutional interest.

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Will Bitcoin Price Suffer?

A similar power outage in China last month saw the Bitcoin mining hash rate drop by over 25% leading to another major market sell-off. The last hashpower fud was also marred into a lot of controversies as many claimed different reasons for the power outage and the amount of hash power decline.

Bitcoin price is currently trading just under the $49K mark with a 2% decline over the past 24 hours. With every major sell-off in the market, many have called it a short-term price top, but on most occasions, bitcoin has defied the odds to bounce back to new ATHs. On the other hand, Bitcoin adoption has continued to flourish as many public companies have announced Bitcoin purchases over the past month. Apart from Bitcoin, manor altcoins including ethereum, Litecoin have also registered a minor decline falling over 5% in the past 24 hours.

To keep track of Crypto updates in real time, Follow us on Twitter & Telegram.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coingape.com/bitcoin-hashrate-major-chinese-mining-pools-drops-rapidly/

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Blockchain

Coinbase finally releases a timeline for listing Dogecoin

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Since Coinbase’s direct listing, it released the transcripts of its Q1 Earnings Call. During the call, the company addressed its plans of listing Dogecoin (DOGE), thanks to its ever-rising demand.

Coinbase‘s CEO Brian Armstrong talked about the exchange’s plans for the memecoin. He stated:

“So, to answer your question directly, we plan to list DOGE in the next six to eight weeks. And then more broadly, we’re going to be focused on how we can accelerate asset addition in the future.”

With regard to queries on what parameters were used to qualify various coins or tokens to add to the exchange and why there weren’t more choices? Armstrong stated:

I think there’s going to be millions of different crypto assets out there, especially as we see new assets being created for new companies being created and there’s even NFT’s and individuals who are tokenizing their time and so in a world where there’s going to be millions and millions of these crypto assets out there, we get this question a lot, how are you deciding, which ones to add, and how can you accelerate it?

Without directly alluding to XRP, the digital asset that has been entangled in a legal battle with the SEC, Coinbase CEO also stated that Coinbase had worked with CRC to create a regulatory framework for coins. He added:

So, today, we use a number of factors, we look at cybersecurity around the coin to make sure that there’s not going to be an issue that would cause customer loss. We also look at it from a legal point of view and a compliance point of view. There’s various concerns out there about securities, for instance, and we’ve worked with things like the Crypto Rating Council to help create clear regulatory frameworks for this.

Data from ICO Analytics stated that the total web traffic for crypto exchanges had increased by 43% over the past month.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/coinbase-finally-releases-a-timeline-for-listing-dogecoin

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