The Global Digital Finance (GDF) is one of the not-for-profit manufacturing body with the purpose of driving acceleration and acceptance of digital finance. It publicized many of the leaders in the crypto-asset space such as Circle and Coinbase teams, as its formation members. It also unconfined its Taxonomy for Cryptographic Assets, and also its industry-led Code of Conduct.

The Co-founder of GDF is Lawrence Wintermeyer, Jeff Bandman and Simon Taylor launched in London on 19th of March in 2018. This was announced on Twitter.The GDF was created by many of the most important companies in the crypto circle: the conglomerate R3, Circle, Coinbase, ConsenSys, DLA Piper, Diginex and Hogan Lovells. The company has offices that are based in London, Hong Kong and New York City. Its founding members are focused on creating a global strategy for the sector and want to create a united community that will follow the GDF’s code of conduct.

The seven organization Members of GDF are Goldman-backed FinTech startup, crypto exchange currency, coin base, blockchain focused venture production, blockchain solutions practice, enterprise blockchain computer code, are Circle net Financial, ConsenSys, Digimax, R3 respectively transnational business firm DLA Piper; and jurisprudence firm Hogan Lovells. This cluster is maintaining GDF in evolving its international strategy, and it is growing a community membership of corporations United Nations agency want to stick to the Agreement.

GDF’s Agreement that was accepted following a series of mini-summit events command in Asia, Europe, and consequently the USA, was shaped out of assistance from over two hundred companies within the international crypto-quality community and over one hundred feedback suggestions from people and organizations. As per GDF it’s the place to begin for associate industry-led “shared rulebook”, which can document firms to prove that they “stand by good and accomplished standards in their conduct with buyers, cash handling, risk management, and market observe.” firms will register with GDF to substantiate their disposition to abide by GDF’s Code of Conduct from Q1 2019.

GDF co-founder and also representative, Simon Taylor said that the customers want to know that the companies are doing their business with are ethical and non- breaking laws of international. This is what extends from the cryptocurrencies like wallet providers, which is offering the investment type products like securities, funds and tokens and bitcoins.

The foremost digital Switzerland-based bank Swissquote Group Holding SA will allegedly develop the first bank in the world to offer its customers with the occasion to take part in initial coin offerings (ICOs). At present, if the customer wanted to subsidize in an ICO, they would need to have a straightforward knowledge of the know-how and, at the very minimum, own a blockchain wallet. However, a well-known online bank Swissquote announced that it will allow its customers to purchase ICO tokens straight against Swiss francs through their very own bank account. The bank would then handle the execution of the deal and of the custody of the purchased tokens.

LakeDiamond ICO

The first ICO to be offered as an investment option on the banking platform is LakeDiamond, a lab-grown diamond company which is raising funds to purchase new equipment. They will offer more ICOs in the future.

The pre-sale of this ICO is ongoing and offers a 10 percent bonus up to 4 million CHF (just under $4 million).The regular public sale will not open until January. Presumably, buyers will not have the opportunity to realize any gains or exchange their tokens for other cryptocurrencies before the spring.

The token itself is pegged to the cost of diamond production. Each token is meant to be equivalent in value to “1 (one) minute of growth reactor operating time, which produces lab-grown diamonds. One minute is the smallest possible unit, so the tokens are non-divisible past this point. If a diamond plate takes 180.5 minutes to grow, it will consume 181 LKD.”

While this is not an ICO Review, LKD tokens are priced around 50 cents each. There will be a maximum supply of close to 6.8 million. The funds raised will be used to improve and expand the firm’s operations. Within the system, the tokens will have utility.

Lab-grown diamonds are a growing industry which markets themselves as more ethical. The movie Blood Diamond speaks to the reason that the ethics of traditional diamonds can be seen as questionable. Like all industries which require entry into disadvantaged countries and massive labor forces, the diamond industry has its share of detractors. Nevertheless, not everyone feels they are more ethical. There is the fact that they require less labor and if they became the norm, many thousands of people would find themselves without a livelihood

Speaking on the matter, Marc Burki, CEO at Swissquote, noted:

True to our philosophy to democratize finance by offering services that are simple and accessible to everyone, we are now offering our clients the opportunity to help grow start-ups. Combining crowdfunding with the blockchain creates a new form of fundraising. Thanks to contributions starting at 33 Swiss francs, clients can participate without being required to invest large sums into venture capital or private equity funds.

Progress in the Making :

Switzerland is rapidly determining up as a global blockchain center as the nation seems pretty open of the ground-breaking technology. In the month of September 2018, FINMA issued a cryptocurrency fund with a regular asset management authorization, putting it in the same basket as other non-crypto asset managers.

Besides this back in February 2017, the country’s monetary watchdog also introduced ICO regulations which gave shelter to much administrative clarity on the matter. All the same, before banks even took notice of bitcoin or any other cryptocurrency, cryptonaughts have also capitalized in ICOs. While it is definitely optimistic to see a bank be so progressive, eventually banks are not essential for investment into ICOs and are additionally decreasingly necessary for everything at all as the blockchain rebellion moves on.

The once flourishing South American nation of Venezuela has been descending into an economic disaster over the last few years. The collective government of Hugo Chavez has been shadowed by current President Nicolás Maduro, and the economic policies put in place has transformed a country with more oil reserves than Saudi Arabia into a literal hell on Earth.

Rise is rampant as prices for consumer goods have skyrocketed an enormous 741% from early 2016 to early 2017. Experts are anticipating the rate of inflation to really hit 1600% later this year.

Into this maelstrom steps an unlikely hope for the masses: Bitcoin. Many starving Venezuelans are now mining the digital currency in order to just survive. has loomed Amazon for comment over the allegations they are failing to implement sufficient checks on new users. The most disastrous economic disasters in history as inflation reaches unparalleled levels and normal food items become almost priceless and due to this economic turmoil, Venezuelans are being forced to turn to unconventional means to make ends meet and, in an unusual fad, they are using video games to make a profit – despite only tiny amounts of money being available.

In an outlandish concept known as “gold farming”, Venezuelans are “farming gold” in online fantasy games such as RuneScape and Tibia. It is forbidden to conduct real-world trading within RuneScape because it goes against the spirit of the game. But the practice has become so popular with Venezuelans they are now contributing to inflation inside the virtual world.

The insider said: “They defeat the economy of the game.”

Efrain Peña, 29, who plays games to support his wife and child, previously told Bloomberg: “We’ve never made this much before.

“What job can match what we’re making now?”

Enegebe Sención, 30, an unemployed computer programmer who played Tibia to support his family, said: “It’s shameful. I never thought game currency would be worth more than that of our country.”

Earlier this year the Venezuelan government slashed five zeros from the Venezuelan bolivar in a bid to slow down rampant hyperinflation.

But the efforts did little to thwart the problem, as the economy continues to spiral out of control – forcing hungry Venezuelans to travel to new nations in search of a better life.

In September, Venezuela’s annual inflation hit 488,865 percent in a sign the economy is not yet recovering as hyperinflation continues to accelerate amid a wider economic collapse.

In a caustically worded article published on Wednesday 10th Oct on its website, the American Association of retired persons abbreviated as AARP ascribed a bizzare definition to Bitcoin. In its slideshow post titled “Improve your financial literacy with this glossary” .the definition of Bitcoin was severally contentful while other terms such as “emerging markets” and exchange trading finds are defined using their financial language. Initially defining the term asset allocation in a level-headed manner the article moves on to define Bitcoin in a few dismissive and inaccurate words

The post says that:

“Bitcoin: A bunch of computer code that a bunch of criminals, idealists and speculators agree is worth ‘real’ money. Sadly, its real-money value swings widely, making it impractical except for criminals, idealists and speculators.”

And then the article takes a shot at the term blockchain and says

“Blockchain: 1. A different bunch of computer code containing an unalterable record of a series of transactions. The most famous is a digital ledger recording all bitcoin transfers. 2. A word often uttered by companies hoping to snare investors’ attention — and dollars.”

The harsh language looks like the language used by a cryptocurrency skeptic Jamie Dimon who called it a fraud and scam and insisted that only less intelligent people could take it seriously. The generational divide on the topic of Bitcoin and cryptocurrency is clearly exacerbated by such publication of anti-crypto material in the medium aimed demographically.

Circle published a report last month which showed that 25 percent millennials showed interest in purchasing cryptocurrency. This is 10times more than baby bloomers who make up last demographic majority made up by AARP.

Although this problem looks self-solving as according to statistics more and younger people will inevitably drive popular culture and make the crypto adoption mainstream. The continued anti crypto stance of many who are used to traditional finance can be harmful to crypto investment by discouraging older Americans who typically have 10 times as much as money from saving in crypto than in millennial.

The Trusted IoT Alliance and the Mobility Open Blockchain Initiative have launched a tournament for blockchain applications in automobiles. It was the official news which was published on 10th of this month.

The new tournament entitled MOBI Grand Challenge which intends to develop ‘the first viable’ blockchain powered network of vehicles and system to coordinate machine. It offers data sharing and also to improves the level of mobility in urban conditions.

The three-year blockchain challenge will cover a number of events and also invites entrants to participate online internationally. Three- year blockchain is planning to award winners with over 1 million dollars’ worth of tokens.

The MOBI challenge will begin on 12th of October with its four-month challenge to showcase ‘potential uses of blockchain in coordinating vehicle movement and improving transportation in urban environments’.

The selected technologies from the first challenge will be demonstrated at an event hosted by MOBI community member. The MOBI group member is BMW group in Munich.

The results will be found in the first series of the MOBI grand challenge will be used as the basis to create the next challenges of the three- year tournament.

The winners of the first challenge will be granted 350,000 dollars’ worth of awards in a number of categories. It includes 250,000 dollars’ worth of tokens by Beyond Protocol and 100,000 dollars’ worth of tokens. This worth is by Ocean Protocol.

Ocean Protocol is a blockchain based data exchange protocol that is committed a prize of 1million dollars in tokens to the MOBI Grand Challenge. Beyond Protocol is a Silicon Valley-based company which is applying distributed ledger technology to secure internet of things devices. The firm has committed 250,000 dollars’ worth of tokens to be used on its protocol network.

The Executive Director of the Trusted Iot Alliance and a member of MOBI’s Board of Advisors Zaki Manian stated that mobility is a breakout IoT industry direction for blockchain. According to him, just a small percentage of companies have completed end- to- end proof of concepts in this area.

Four leading global vehicle suppliers BMW, Ford, Renault, and GM launched a jointed blockchain platform which aims to change transportation. The joint effort aims to address mobility problems. It is making it safer, affordable and greener by using blockchain network.

Major American car manufacturer Ford patented a system for vehicle- to- vehicle communication methods via exchange of crypto tokens to facilitate traffic flow of the crypto world.

BMW has been trialing the blockchain technology to solve a range of problems. The automobile giant is also one of the founding members of the Mobility Open Blockchain Initiative (MOBI), alongside Ford, GM and others. The initiative was created to accelerate the adoption of distributed ledgers and related technologies in the automobile industry.

Other car manufacturers that have developed blockchain-based customer financing include Daimler AG who acquired PayCAsh Europe SA last year in a bid to launch its electronic payment services platform which includes a number of payment options, including Bitcoin. The payment service platform was part of Daimler’s “mobility and digitization strategy” which enable customers to pay for Daimler’s services via a smartphone device.

Fortnite is an extremely popular multi-player battle royale game that goes without saying. The game’s popularity can perhaps be measured by the recent data from research firm SensorTower that Fortnite has collected $300 million since it was launched for the iOS platform, and $20 million of that coming in just the first week of this month. At the same time, the newest season for Fortnite, called Season 6, is here as well. However, it is perhaps expected that such a popular game would be in the sights of anyone with malicious intent.

According to online security firm MalwareBytes, there is a Bitcoin-stealing malware, as well as other data-stealing malware, that is waiting to target unsuspecting gamers. It is believed that the malware is being distributed via links on YouTube videos that offer games some add-ons. “First, we sifted through a sizable mish-mash of free season six passes, supposedly “free” Android versions of Fortnite, which were leaked out from under the developer’s noses, the ever-popular blast of “free V-Bucks” used to purchase additional content in the game, and a lot of bogus cheats, wallhacks, and aimbots,” says Malwarebytes in an official statement.

The researchers have found that the malware is disguised as a harmless file that enables for free game bonuses, including “V-Bucks” as well as cheats like aim-bots. The Malwarebytes research has identified the file as a Trojan. Malpack. Once downloaded, the malware works silently in the background and collects as well as transfers data from your Bitcoin wallets, web browser session information, cookies and login tokens as well as Steam gaming sessions.

Malwarebytes says that the videos distributing this malicious file have been viewed as many as 120000 times before it was flagged enough to be taken down. One can only wonder how many unsuspecting gamers downloaded the file in the hope to get some assistance in the game and ended up compromising their data instead.

Fortnite is available for Android, iOS, Sony PlayStation 4, Nintendo Switch, Microsoft Xbox One, Apple macOS and Microsoft Windows.

This isn’t the first time this popular multi-player battle royale game is facing security struggles. After the much-publicized bypassing of the Google Play Store when the Fortnite game arrived on Android in August, Google revealed how the very first installation file shared by Epic Games for the Fortnite game installation on Android phones (these files have the .apk extension), allowed hackers to basically push any malicious app to the devices. The Android device user would certainly not know about any malicious background activities or apps running under the disguise of the Fortnite installer.

That led to a war of words. Google shared this security update with Epic Games on 15 August, and that is when the game developer acknowledged the issue and got down to fixing it, on 16 August. They then asked Google something no Android user would probably want to hear— “We would like to request the full 90 days before disclosing this issue so our users have time to patch their devices.” On 24 August, Google responded with, “Now the patched version of Fortnite Installer has been available for 7 days we will proceed to unrestrict this issue in line with Google’s standard disclosure practices.”

India’s most significant and the oldest cryptocurrency exchange firm ZebPay has recently announced that it has shut down its operations systems from the Indian Government’s indecisiveness on cryptocurrencies.

The Indian Government has not made any official laws regarding trading cryptocurrencies. But the RBI issued a notice to the banks that prohibited them from dealing in the digital world.

ZebPay had over 3 million users. It made their sudden decision to close up shop come as a shock. It will continue to work for the users for sending and for receiving cryptocurrencies, but they can’t use the exchange.

The force draws special attention to the importance of peer- to- peer exchanges. This is how many other cryptocurrency exchanges able to stay afloat despite the Indian RBI crackdown. The peer- to- peer trading does carry risks as it relies on trusting other individuals that are anonymous. It does carry the advantage of not having to rely on the centralized exchanges that carry the risk of bringing government censorship. Some think that be old-fashioned cash is a way to avoid censorship.

India has been favorable to cash since it is a largest populated area which was unbanked. The government has started to interfere with cash by ordering that invalidated large denominations of cash bills in an attempt to remove all the criminal activities which operate in cash. Their actions ended up harming some of the poor individuals rather than criminals. This consumer preference and the Government aversion to cash are not the same to India.

It has combined into Bitbns which is the leading exchange in India. It will make it easy for the Indians to obtain Dash. Dash has a record of low fees and the fast verification span. It is the ideal for being paid in Dash. It allows consumers to have the benefits and allows the users of additional privacy through private send. It requires a bank- licensed cryptocurrency exchange to move from flat to Dash. Dash’s network grows and becomes more viable as common digital currency which is resistant to censorship. Dash continues to roll out improvements, and the community outreach groups continue to expand. It is directly usable in many locations. The need for an exchange is to make purchases.

In a statement issued last year in December, the Finance Ministry said: “Virtual currencies are not backed by government fiat. These are also not legal tender. Hence, VCs are not currencies. These are also being described as ‘Coins’. There is, however, no physical attribute to these coins. Therefore, VC is neither currencies nor coins.

Blockchain is the public ledger which is digitalized with the cryptocurrency transactions. It is stored as blocks of data. Blockchain always make sure of the consistency of ledger and also it secures the data. It maintains records of data which can be shareable between the connected systems. Blockchain technology featured associated decentralization, continuity, and auditability of all the crypto transactions. In simple terms, it is explained as the data can’t be modified until it reached the recipient.

Healthcare has a significant model in shifting with the development of technology-driven inventions. These type of inventions solved patient care, changing the narrative to a patient-centric model. Novel technology will further revolutionize health care as it is gaining momentum the disturbance.

The novel technology, innovation:

The novel technology is the technology which is the foundation of cryptocurrency and bitcoin. It is used in other fields too. Fields like insurance, real estate, energy, HR, Financial services, Internet of Things, commodity trading and freight and logistics, etc. Mainly this is so used by the financial services, and it got benefitted by novel technology.
Healthcare sector is not taking a slow stand in this novel technology. The blockchain is expecting to offer more health care services in further in health information technology. This research is also analyzing some of the most health care industry applications of the blockchain.

The blockchain is removing the difficulty and the cost made with the data reunion by enabling the authority to the real-time healthcare information. Blockchain technology is offering a decentralized system of health data which helps to protect the health data.

Using AI based add-ons blockchain technology to the supply chain tracking can be removed by creating a chain- of- custody log. It is to build a proof of the management of data for healthcare medicines. Blockchain solutions can also reduce the cost.

Blockchain technology is helping in decreasing the frauds and the errors in clinical records. And also blockchain technology can enable the address outcome switching reporting in clinical trials. The Cambridge University studied it. They revealed the study to control how the blockchain can be helped to authorize the clinical trials. They also told that by using the code which generated by the blockchain, can be detected if the data is removed or modified.

Blockchain technology can connect the loops of data, protecting the data, and making sure of security. It always makes sure of authentication of data. It is merely the disturbance invention that cuts across many sectors.

On Sep 19, 2018, the exchange announced delisting of around nine coins from the cryptocurrency exchange. The traders have about 30 days to withdraw all balance from the account and close their trading accounts. The decision was taken to improve the performance of the Cryptocurrency exchange of coins. The announcement of delisting was released on the website Reddit.

The coins which are delisted were not very popular among the traders which are the reason for the huge price drops since the beginning of the year. It was a complete shock for the traders as they were not notified in advance without any prior notification or warning.

The general reason for the delisting of the coins is considered that the exchange department has defined a volume limit for a certain period. If coins are not able to exceed the threshold, it leads to the delisting of the cryptocurrency coin. The exchange wants to get rid of the coins which are not popular among the traders.

The delisting was announced at the time when the Poloniex was trying to polish its acts. The Goldman Sachs purchased the poloniex with the aim of cleaning up the cryptocurrency exchange. The objective was to define an alternative option for the trading system.

Currently, Bitcoin is experiencing the fluctuations of the market and is making the investors nervous with the highs and lows. But the bitcoin believer says that the technology such as this is still capable of changing the world.

It was just back a few months when Bitcoin reached $20,000 and seemed like just the right thing to invest. There was the frenzy when people started wondering if it could also replace the safe gold deposits in no time. Companies were lining up to make the general public into investors for the cryptocurrency.

Today bitcoin is going through a rough downhill where one bitcoin values only $6,500 and all the expectations are cut off. But there are some optimistic investors and the general public who roots for bitcoin to rise again.

Such is the world of cryptocurrency. The managing partner of Ausum Ventures investment firm, Jeremy Gardner says that “hyper growth followed by heavy correction isn’t new.” He believes that he has seen the price drop from a great high to unexpected lows from time to time and this is what creates the cryptocurrency market. But there are always the chances of it going back up soon.

It was only two weeks ago from today that Bitcoin saw a considerable rise at $8,000 and the investors cheered for the lows to be over. However, today bitcoin has reached the new low of the year, marking at just $6,300. It has still created a general opinion of it being back on its chart up soon again.

The co-founder of DataTrek Research analysis firm, Nick Colas, says that he is observing bitcoin since 2013 and the fluctuations that we are observing over the weeks aren’t entirely concerning or surprising for that matter. It is the part of digital currency and its relation to the people and their views regarding the same.

Colas remark that the market psychology and the reaction of people to bitcoin is the main driving factor behind the bitcoin. Even though it is still in the early adoption stages and is hard to assume anything strongly, people are still skeptical over its use and value among the technology.

For the investors and the public, the rise and fall of bitcoin is the main concern. But the U.S. regulators are deciding the factors that would be necessary for using bitcoin to buy and sell assets. It marks the market confidence in bitcoin which is not going to disappear anytime soon.

As for a reason behind the latest bitcoin decline is whether the Securities and Exchange Commission grants the use of bitcoin for an exchange-traded fund. If agreed, it will allow the general masses and investors to track the bitcoin price without owning the currency.

The price fluctuations of bitcoin suffer majorly from rumors, new financial tools, trading requests and most of all, the public opinion towards it. So when no one was ready to trade it the last year, Chicago exchanges traded bitcoin contracts and that is how it got back on the wagon. The Google Trends chart also measures the spike in web searches related to bitcoin in current time which can be according to the public mood.

It is true that some of the bitcoin believers also see the cryptocurrency price as a distraction as the main purpose of bitcoin is its potential to change and bring necessary growth in the technological economy and the global finance industry. Those who bought the currency even before it reached top among the charts believes about the efficiency of the bitcoin as a long-term effect which is the entire concept behind the existence of bitcoin.

So is the efficiency of the blockchain, which is a digital public ledger that allows its people to trade exchanges and digital currencies safely and securely without having to go to the bank. Both blockchain and cryptocurrency will soon be a “necessity” by the ever-growing economy of the world.

The host of CNBC Cryptotrader Ran Neu-Ner says that this might not be the lowest crash ever. He says that it won’t be surprising to see bitcoin levels go even more down in the coming years but yet strongly believes in a sustained future place for the currency.

He further says that it is still a young yet promising technology that will fluctuate even more before it finds its solid ground among the public opinions and the digital market. He clearly mentions that bitcoin, or any other cryptocurrency, for that matter isn’t for those who are looking for a way to make quick money. It takes patience and long-term investment to see the results, and even then it may not meet up to your highest expectations.

So for those investors who planted money in bitcoin the previous year and are unsure about the future results should consider revaluating their plans and decide whether they stand for long-term digital plans. You will need to learn to “hodl” (hold in bitcoin community) and sell them if you aren’t ready.

But Ran Neu-Ner suggests “once you understand the beauty of an asset, which will be transferable to anyone without any interruptions and be able to create smart contracts, then you will have the complete knowledge of the cryptocurrency workings.” Even buying a small amount of bitcoin will be able to teach you the basics of this amazing technology, Neu-Ner adds.

Ran Neu-Ner concludes that even though the market is experiencing over-selling, it can soon expect recovery. There might be a rock bottom yet, but there will soon be better days for the investors.