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Nischal Shetty is the Founder at WazirX, the largest Crypto Exchange in India with more than 15M users. He is also the Founder of Shardeum, a layer 1 blockchain with infinite scalability, true decentralization and top-notch security. Before starting his web3 journey, Nischal founded and scaled Crowdfire, a social media tool with more than 20M customers - while still working a full-time engineering job! In this conversation, we talk about: - Building and scaling CrowdFire to 20M users - Nischal's 'ETC Strategy' to acquire millions of users - Building and scaling WazirX to 15M users - Shardeum: how Nischal will onboard 100M users into Web3 - Does the World Really Need Another Layer 1? - Decentralized Social Networks - Decentralized Gaming - Decentralized Notifications And much more! __________________________________ SPONSORS:
In this episode of Web3 Unlocked, Kenzi Wang and Diksha Dutta speak to Nischal Shetty, Founder of WazirX and Shardeum, on decentralization, the right way to build communities, and making it in web 3. Before Nischal launched WazirX and Shardeum, he started his entrepreneurial journey by creating a social media company (what began as JustUnfollow is now Crowdfire) in 2010. He was a software developer, and before 2010, he had a day job and worked on his app on the weekends and any free time he had. This social media app was based on the idea that most people needed a single account to manage their Instagram, FB, and other social media pages. The app was successful and got 20 million users. In 2017, the large social networks started changing many rules, which affected all the businesses built on their platforms. That's when Nischal decided that he would build his next projects on a decentralized platform.
The new crypto tax regime in India has finally gone into effect, and it appears to be affecting the trading volume in the country. Media reports from the country suggest that trading volumes on crypto exchanges have dropped by an average of 15% within the first three days of the month. Not only that, but crypto exchanges operating within the country have also seen their domain traffic drop by 40%. India crypto exchanges trading volume suffers Co-founder of Crypto India, Aditya Singh, confirmed these reports on Twitter. He posted graphs showing a significant dip in the trading volume of 4 of India's top exchanges. Indian Exchanges saw Volume drop after New Crypto tax rules became applicable on 1st April. Aditya Singh (@CryptooAdy) April 2, 2022 The trading volume of WazirX, the country's biggest exchange, dropped from $208 million to less than $100 million before the month even started. The drop in trading volume doesn't come as a surprise, given the hefty tax imposed on crypto. Indians will have to part with 30% of their profits with the new tax law. In addition, another tax will come into effect next month, which will deduct 1% on every crypto transaction from the source. Already, crypto stakeholders are predicting that the 1% tax on every transaction will affect liquidity within the sector. They claim that this tax will limit the number of trades as investors who are high-frequency traders will cut down on their trades. The rule also prevents tax write-offs for losses made on trades which means investors would be more likely to run at a loss. Stakeholders lambast the new tax regime Many predict that such a tax regime could push many crypto traders and companies to leave the country. According to Nischal Shetty, CEO of WazirX, the 1% tax-deductible at source (TDS) is “the worst-case scenario for the industry.” The executive director of policy at CoinDCX, Manhar Garegrat, also stated that “There will be no liquidity left in the markets” if TDS comes into effect. “Trades placed by buyers will not get executed as efficiently as they do today, and such inefficiency will eventually dwindle the whole ecosystem,” he added. Major exchanges want to invest in India While crypto stakeholders are worried about an exodus, major exchanges like Coinbase and FTX are showing interest in investing in the crypto space of the Asian country. Earlier today, Coinbase revealed that it plans to invest $1 million into crypto and Web3 projects initiated in the country. Another report revealed that FTX could be set to invest in India's Mobile Premier League (MPL), which intends to launch NFTs and a play to earn based game before the end of the year. This shows that despite the government's best effort at making the industry unattractive to investors, some stakeholders still believe there is ample opportunity for them in the country.
SCALABLE, SECURE & TRULY DECENTRALIZED BLOCKCHAIN- WazirX founder Nischal Shetty along with Omar Syed have founded Sharedum an EVM compatible sharded blockchain with infinite scalability, true decentralization, and solid security. Omar Syed is a blockchain architect who in 2017 organized the Shardus project to build a linearly scalable blockchain. Over the past three decades, he has been involved with helping large organizations such as Raytheon, NASA, Yahoo, and Zynga build scalable, fault-tolerant, distributed systems. Omar holds a B.S. and M.S. from Case Western Reserve University with a specialization in Artificial Intelligence. He was involved with several start-ups including the first matrimonial website and the first stock sentiment analysis website. Omar along with his son Aamir invented the strategy board game Arimaa and offered the Arimaa Challenge Prize to promote breakthrough research in AI. His long-term vision is a world where everyone receives an unconditional basic income based on a stable cryptocurrency so that poverty and hunger are eliminated. https://www.linkedin.com/in/omarsyed1 https://shardeum.org/ https://shardus.com/ Watch our highest viewed videos: 1-India;s 1st Quantum Computer- https://youtu.be/ldKFbHb8nvQDR R VIJAYARAGHAVAN - PROF & PRINCIPAL INVESTIGATOR AT TIFR 2-Breakthrough in Age Reversal- -https://youtu.be/214jry8z3d4DR HAROLD KATCHER - CTO NUGENICS RESEARCH 3-Head of Artificial Intelligence-JIO - https://youtu.be/q2yR14rkmZQShailesh Kumar 4-STARTUP FROM INDIA AIMING FOR LEVEL 5 AUTONOMY - SANJEEV SHARMA CEO SWAAYATT ROBOTS -https://youtu.be/Wg7SqmIsSew 5-TRANSHUMANISM & THE FUTURE OF MANKIND - NATASHA VITA-MORE: HUMANITY PLUS -https://youtu.be/OUIJawwR4PY 6-MAN BEHIND GOOGLE QUANTUM SUPREMACY - JOHN MARTINIS -https://youtu.be/Y6ZaeNlVRsE 7-1000 KM RANGE ELECTRIC VEHICLES WITH ALUMINUM AIR FUEL BATTERIES - AKSHAY SINGHAL -https://youtu.be/cUp68Zt6yTI 8-Garima Bharadwaj Chief Strategist IoT & AI at Enlite Research -https://youtu.be/efu3zIhRxEY 9-BANKING 4.0 - BRETT KING FUTURIST, BESTSELLING AUTHOR & FOUNDER MOVEN -https://youtu.be/2bxHAai0UG0 10-E-VTOL & HYPERLOOP- FUTURE OF INDIA"S MOBILITY- SATYANARAYANA CHAKRAVARTHY -https://youtu.be/ZiK0EAelFYY 11-NON-INVASIVE BRAIN COMPUTER INTERFACE - KRISHNAN THYAGARAJAN -https://youtu.be/fFsGkyW3xc4 12-SATELLITES THE NEW MULTI-BILLION DOLLAR SPACE RACE - MAHESH MURTHY -https://youtu.be/UarOYOLUMGk Connect & Follow us at: https://in.linkedin.com/in/eddieavil https://in.linkedin.com/company/change-transform-india https://www.facebook.com/changetransformindia/ https://twitter.com/intothechange https://www.instagram.com/changetransformindia/ Listen to the Audio Podcast at: https://anchor.fm/transform-impossible https://podcasts.apple.com/us/podcast/change-i-m-possibleid1497201007?uo=4 https://open.spotify.com/show/56IZXdzH7M0OZUIZDb5mUZ https://www.breaker.audio/change-i-m-possible https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy8xMjg4YzRmMC9wb2RjYXN0L3Jzcw Kindly Subscribe to CHANGE- I M POSSIBLE - youtube channel www.youtube.com/ctipodcast
Here are the top cryptocurrency news headlines from India this week:India announces 30% tax on crypto in Budget 2022: https://www.coindesk.com/policy/2022/02/01/india-to-levy-30-tax-on-crypto-income-cbdc-launch-in-2022-23/ ;Cryptocurrency Tax in Budget 2022 Explained in Detail: https://www.youtube.com/watch?v=mkqNdCwFX6s&t=1137s ;Crypto tax discussion with tax expert Anoush Bhasin, Crypto India Founder Aditya Singh, and Coin Crunch India Naimish Sanghvi: https://www.youtube.com/watch?v=Kyyt_eq-tz0&t=2231s ;Indian crypto community rallies against the high crypto tax with a petition: https://www.youtube.com/watch?v=lqfWdnz8cfo&t=4s ;India's crypto bill will not be tabled in the Budget session of the Parliament: https://news.bitcoin.com/government-official-indian-crypto-policy-global-regulations-g20-meeting/ ;WazirX founder Nischal Shetty announces new blockchain venture called Shardeum: https://inc42.com/buzz/cryptopreneurs-nischal-shetty-and-omar-syed-launch-blockchain-venture-shardeum/ ;Pune couple holds India's first blockchain wedding: https://indianexpress.com/article/trending/trending-in-india/pune-pair-becomes-indias-first-couple-to-hold-blockchain-wedding-7758388/ ;Pune cop arrested for kidnaping trader to extort crypto: https://www.ndtv.com/india-news/pune-bitcoin-fraud-pune-bitcoin-fraud-news-8-arrested-for-kidnapping-man-to-extort-crypto-worth-rs-300-crores-2743871 ;WazirX lists Santos FC (SANTOS), FC Porto (PORTO) and S.S. Lazio (LAZIO) Fan Tokens in its USDT market and Biconomy (BICO) in its INR and USDT market;CoinDCX lists Spell Token (SPELL) on its platform;Unocoin releases revamped website along with an advanced exchange page;
On this week's CoinMarketRecap with Connor Sephton, we've got an update on all the latest market movements with Bitcoin — which suddenly raced above $40,000 on Friday as a close correlation with the stock market continues.CoinMarketCap's Molly Jane Zuckerman also joins us to discuss a terrible week for Meta. Not only did the tech giant's market valuation suffer the biggest one-day fall in stock market history, but the intellectual property underpinning its Diem digital currency has officially been sold off. And to make matters worse, Mark Zuckerberg's metaverse vision racked up a net loss of $10 billion in 2021.We also discuss why there's so much visceral hatred for NFTs. Kanye West has declared that he has no interest in creating digital assets, and the video game publisher Team17 has been forced to abandon its plans to launch a Worms-inspired collection after pressure from critics.And as India announces that it will tax crypto profits at 30%, is the threat of an outright ban on Bitcoin over? Nischal Shetty is the founder of WazirX — India's biggest crypto exchange — joins us to explain why this is a good thing, and why he's excited about the government's plan to launch a digital rupee by 2023.You can find us on Twitter — @ConnorSephton and @CoinMarketCap.
Aniket Jindal, Co-Founder Biconomy chats with Shripati Acharya, Managing Partner Prime Venture Partners.Listen to the podcast to learn about01:00 - Aniket's journey from Binance to Biconomy07:40 - Finding PMF as a Web3 Startup15:00 - Why & How of Tokenomics at a Web3 Startup21:00 - How Biconomy Built Its Community23:00 - Unsolved Problems in the Web3 space25:00 - How Web3 Startups Differ From Web2 StartupsClick here to read the full transcriptNext, listen to Nischal Shetty, CEO & Founder WazirX, another entrepreneur in the crypto space. On the episode we talk about why Crypto is Growing, Interoperability in the Crypto World, Emergence of DeFi Protocols and Decentralised apps & How to Stay Updated in the Web3 world. Enjoyed the podcast? Please consider leaving a review on Apple Podcasts and subscribe wherever you are listening to this.Follow Prime Venture Partners:Twitter: https://twitter.com/Primevp_inLinkedIn: https://www.linkedin.com/company/primevp/ This podcast is for you. Do let us know what you like about the podcast, what you don't like, the guests you'd like to have on the podcast and the topics you'd like us to cover in future episodes. Please share your feedback here: https://primevp.in/podcastfeedback
Sahil (@sahil071) and Siddharth (@sidbetala) hang out and discuss various ideas on this episode of Business Munchies. We're now actively sharing interesting snippets on Twitter and reels on Instagram. Follow us there to stay updated!This episode is a look back of 2021. This is our first full calendar year of creating podcasts and newsletters for The Indian Dream. Just this year, we've produced ~80 podcasts and written ~30 newsletter talking about Founder Journeys, Market Trends and various opportunities. In this episode, we look back and make sense of the year that's gone by:Top Episodes (01:19)a) Space-tech episodesb) Blockchain with Nischal Shetty from WazirXc) Mushroom & Seaweed Farmingd) OfBusinesse) Business of Hotels & Restaurantsf) Abhishek Goel Biggest learnings (12:02)a) Focus on doing less but doing that betterb) Don't monetise too early in your content journey - it's a labour of love that will monetise eventuallyc) Courses are really hard to do even if you know the subject really well.d) Collabs and inviting people to munchies was harder than I thought.e) It's really tough to motivate people in this kind of setting - got a lot of people who wanted to contribute for free but it just didn't work.f) Follow your curiosity - will lead to great episodesPersonal Lives (26:04)a) Portfolio of small betsb) Siddharth having a babyc) Rollercoaster of habit buildingd) Change in my worldview on entrepreneurship and life in generalPlan for next year (33:59)a) Do less but moreb) focus on distribution for the podcast.c) Keep experimenting with stuff on the podcast and in personal life. d) Keep trying to build it into an asynchronous organisation like AJVC
Nischal Shetty, Founder & CEO WazirX chats with Amit Somani, Managing Partner Prime Venture Partners.Listen to the podcast to learn about02:00 - Why Crypto is Growing 12:30 - Building WazirX: Finding Gaps and Building a Community20:15 - Interoperability in the Crypto World27:30 - Maximising Optionality Vs Staying Focussed34:45 - Emergence of DeFi Protocols and Decentralised apps31:30 - How to Stay Updated in the Web3 worldClick here to read the full transcriptFound Nischal story about crypto and WazirX inspiring? Next, Listen to Nami Zarringhalam talk about building Truecaller, another successful business that came out of a simple idea. Nami shares lessons he and his friend & co-founder Alan learned while solving problems, the road to finding investors, Truecaller's hyper growth, viral loops that fuelled the company's rise, the monetisation model and more.Enjoyed the podcast? Please consider leaving a review on Apple Podcasts and subscribe wherever you are listening to this.Follow Prime Venture Partners:Twitter: https://twitter.com/Primevp_inLinkedIn: https://www.linkedin.com/company/primevp/ This podcast is for you. Do let us know what you like about the podcast, what you don't like, the guests you'd like to have on the podcast and the topics you'd like us to cover in future episodes. Please share your feedback here: https://primevp.in/podcastfeedback
The news on the ban of private cryptocurrencies by the centre has jolted the investors, crypto companies and analysts. Host Devina Sengupta talks to Rameesh Kailasam, CEO of India Tech, Nischal Shetty, CEO of WazirX and ET's Sugata Ghosh about the inherent issues of Crypto as currency and as an asset in India and whether the ban is the right way ahead for India's nascent crypto economy. Credits: Euro News and Wion
Sahil (@sahil071) and Siddharth (@sidbetala) hang out and discuss various ideas on this episode of Business Munchies. Support us and show us your love by buying us a some beer/chai on this link.Timeline:(00:0) - Introduction(2:00) - Detailed account on how we bought a US based e-commerce business from India(25:43) - What are NFT's?(40:00) - Sales Processes for B2B SaaSBusiness Ideas:How to Buy a US Business from India - our personal story - Buying a small business in the US has become a lot easier for Indians than a few decades ago. Deal sourcing has become easier with websites like MicroAcquire, Flippa, and others. Sending capital to the US has also become easier with the Liberalised Remmitance Scheme. However, the process of buying a US business is still quite complicated and we lay down the entire process in the first 20 minutes of this episode. We will probably write a detailed article on this entire process as well. What are NFT's?NFT's or Non-Fungible Tokens are the hottest asset class on the internet right now. Along with different crypto coins, they're both misunderstood technlogies that are seeing huge increases in value over the past few months. Learn more about Blockchains from our previous episode with Nischal Shetty, founder of WazirX.Siddharth delves deep into the world of NFT's, he himself has bought a bunch, and the future opportunities that lie in this area of the crypto world. Sales Processes for B2B SaaS to Legacy BusinessesSahil discusses a person who met who was not able to sell his CRM/SaaS product to the biggest Pharma companies in India and then had to completely pivot in order to scale the business. We talk about different sales models that he could have used in order to sell his SaaS products to Legacy Businesses.
Cryptocurrency is disrupting the world of finance, but is it here to stay?To share more insights on India's Crypto opportunity, we hosted Nischal Shetty, Founder & CEO, WazirX, on our Hindustan Hamara session on Clubhouse, hosted by Vani Kola, MD of Kalaari Capital.Hindustan Hamara focuses on conversations with the shapers of India's digital future. Every session we talk to individuals who are shaping the future of India's digital innovation landscape. For more updates on our sessions, follow Kalaari on Clubhouse: bit.ly/KalaariClub If you have any suggestions, please reach out to us at podcast@kalaari.com. We would love to hear from you.For more podcasts, visit our website- https://www.kalaari.com/podcast
Nischal Shetty is the Founder and CEO of WazirX, India's largest cryptocurrency exchange. Founded in 2018, the company capitalized on the rising tide of retail traders investing in cryptocurrencies to power its growth. WazirX today boasts over 6.5 million users across its platform. Nischal joins us on this episode to talk about his journey and the secret behind WazirX's meteoric community-driven growth.
This week in Indian Startup News, India's largest crypto trading platform WazirX gets tangled in a money-laundering probe, India's first official drone delivery trial begins, PhonePe's acquisition deal with Indus OS turns into a lawsuit, CultFit acquires Tread to foray into at-home fitness hardware and InMobi's Glance acquires Shop101 to launch live commerce. In funding news, Byju's raises $350 million to become India's most valuable startup, BrowserStack raises $200 million to become India's most valuable SaaS startup, Vianai Systems raises $140 million, Apna.co raises $70 million and FamPay raises $38 million. India's largest crypto trading platform WazirX gets tangled in a money-laundering probe: India's financial investigation agency Enforcement Directorate (ED) has issued a notice to WazirX and its directors Nischal Shetty and Sameer Mhatre – seeking an explanation for crypto transactions worth $400 million. ED has accused them of not carrying out proper KYC which led to Chinese nationals operating illegal online betting apps to launder money through their platform by buying cryptocurrencies. India's first official drone delivery trial begins: A consortium led by Throttle Aerospace Systems became the first to officially start drone delivery trials to deliver medicines in partnership with Narayana Health. PhonePe's acquisition deal with Indus OS turns into a lawsuit: PhonePe was trying to acquire Indus OS for $60 million to strengthen their mini app store Switch but the deal soon turned into a lawsuit between PhonePe and Indus OS's investor Affle on the difference of valuations. PhonePe has also filed a complaint against another Indus OS investor Ventureast to Sebi for deceiving them and side dealing with Affle to scuttle the deal. CultFit acquires Tread to foray into at-home fitness hardware: Health and fitness startup CultFit has acquired at-home smart fitness bike maker Tread to give their customers a more comprehensive fitness and training experience at home. InMobi's Glance acquires Shop101 to launch live commerce: Glance has acquired social e-ecommerce startup Shop101. The startup will be leveraging its short video platform Roposo along with Shop101's e-commerce capabilities to launch celebrity and influencer-led live commerce on their platform. Byju's raises $350 million to become India's most valuable startup: Edtech giant Byju's has raised $350 million in fresh capital from UBS Group, Zoom founder Eric Yuan, Abu Dhabi's ADQ, Blackstone and Phoenix Rising at a $16.5 billion valuation – leaving behind Paytm to make it India's most valuable startup. BrowserStack raises $200 million - India's most valuable SaaS startup: App and website testing platform BrowserStack has raised $200 million led by BOND Capital at a $4 billion valuation to accelerate their growth via acquisitions. Vianai Systems raises $140 million: Infosys' former CEO Vishal Sikka's new venture Vianai Systems has raised $140 million in fresh capital in a round led by SoftBank's Vision Fund 2. Apna.co raises $70 million: Professional networking and job search platform for blue-collar workers Apna has raised $70 million in a round led by Insight Partners and Tiger Global Management at a valuation of $570 million. FamPay raises $38 million: Fintech startup FamPay has raised $38 million in a round led by Elevation Capital to build India's first neobank for teenagers. They will use the capital to expand their user base and add more products to their suite.
In India, the legal status of crypto and cryptocurrency trading remains a hot and murky topic. India's divisions, differences in opinion and all-out tug-of-war over the legality of crypto have been on full display in recent years. First there was a central bank ban on banks doing business with crypto firms. Then the Indian Supreme Court overturned that banking ban. Earlier this year, India's Parliament upped the ante by drafting a bill that would ban crypto outright. That crypto ban bill hasn't gone anywhere — yet. But with that threat in the shadows, what are India's crypto holders and companies to do? As India's crypto community awaits official clarification, many companies are now taking matters into their own hands through a voluntary and self-imposed code of conduct that would make them compliant with reasonable regulations, said Nishcal Shetty, founder of WazirX, in an interview with Forkast.News. WazirX, which launched just three weeks before the Reserve Bank of India's issued its ban on crypto banking in 2018 and has since grown into one of the nation's biggest crypto exchanges, recently joined a new collaboration between India's Blockchain and Crypto Assets Council and India's Internet and Mobile Association to develop guidelines for self-regulation among India's crypto exchanges. “The idea as an industry was, should we really just wait till the law comes in and just have anyone operate according to their own wishes? Or can we sort of try to build a template and sort of show the government that even on our own, we're still responsible and it's not the Wild West out here,” Shetty said. “I think with that objective, we decided we should all come together, exchanges in the country and adhere to some set of guidelines which we will all follow.” An entrepreneur at heart, Shetty took a hard look at India's lagging position in the blockchain and cryptocurrency global ecosystem and realized that creating access was the first step to foster technological innovation and growth in the nation of 1.4 billion. Throughout his journey in the space, Shetty has discovered that among the oscillating government positions, that there are nuances in even hardline stances and a willingness by government officials to learn and understand the disruptive new technology. Shetty also believes the crypto industry can help the hundreds of millions of citizens who do not have access to mainstream financial services, such as having a bank savings account. “If you look at the whole equity space in India, we have probably 70 million people into it, that's about 4% and that's an industry that has existed for many, many years,” Shetty said. “Now, here you have an industry which sort of in India — I think it's been only four or five years since crypto really became a popular term — if you look at it in isolation, yes, it seems like just 1%. But if you think about it, it's already 25% of the whole equity space in a very short period of time. So that growth trajectory is something which is very, very visible.”
Here are the top cryptocurrency news headlines from India this week:India May Classify Bitcoin as an Asset Class Soon: https://www.youtube.com/watch?v=_EKixDTy7FQ&t=18s ;Kraken, Bitfinex and Kucoin Eye India Entry: https://www.aljazeera.com/economy/2021/6/9/cryptocurrency-exchanges-explore-ways-to-enter-india ;ED issues show-cause notice to crypto exchange WazirX's directors Nischal Shetty and Sameer Mhatre: https://www.moneycontrol.com/news/business/ed-issues-show-cause-notice-to-wazirx-directors-nischal-shetty-and-sameer-mhatre-under-fema-7021191.html ;Our Analysis on the Enforcement Directorate Issuing Show Cause Notice to WazirX: https://www.youtube.com/watch?v=Dgf3YPE1Slk ;Haryana Police arrest four scamsters for crypto fraud: https://www.businessinsider.in/india/news/haryana-police-arrests-four-in-cryptocurrency-fraud/articleshow/83400757.cms ;Zebpay lists Matic token on its lending platform: https://zebpay.com/in/lending/ ;Bitbns introduces SIPs in any listed token through the Google Sheets API: https://medium.com/bitbns/introducing-sip-in-any-token-via-google-sheets-api-bitbns-7f32e9cc169d ;Reading Recommendation:Should a fall in crypto trading volume concern Indian investors? https://www.livemint.com/market/cryptocurrency/should-fall-in-crypto-trading-volume-concern-indian-investors-11623492774735.html ;
The Market Cap: Global crypto market capital tank at $1.57 trillion, down to 2.78 percent in the last 24 hours. Crypto prices: Bitcoin plunged to over 4 percent to settle over $35,200, while Ethereum slipped by 6.56 percent to trade at $2,291. Dogecoin settled down by 5.64 percent to trade at $0.30. Other cryptocurrencies like Ripple, Cardano, Stellar, and Litecoin also plunged by 10 percent respectively. Now News in Brief: This week, "Chinese authorities in the northwestern province of Qinghai and a district in Xinjiang has banned the financial institutions and payment companies from providing services related to crypto transactions. The Enforcement Directorate on June 11, issued a show-cause notice to India-based cryptocurrency exchange WazirX and its directors Nischal Shetty and Sameer Mhatre for allegedly violating guidelines in connection with a transaction worth Rs 2,790.74 crore. The President of El Salvador has announced bitcoin as a legal tender. The use of bitcoin as a legal tender will begin in 90 days, with the bitcoin-dollar exchange rate set by the market. --- Send in a voice message: https://anchor.fm/techgraph/message
Cryptocurrency prices have skyrocketed in the past year, with the likes of Bitcoin and Ethereum growing several times over, despite the global COVID-19 pandemic. Naturally, it's turning a lot of heads. WazirX founder and CEO Nischal Shetty and WeekendInvesting founder Alok Jain join host Akhil Arora to discuss the world of cryptocurrency. We touch upon the regulatory landscape in India, from the back and forth between the RBI and the Supreme Court, to the lack of a clear legal definition for cryptocurrency that creates hurdles for crypto exchanges such as WazirX. Read: Why does Bitcoin mining consume ‘insane' energy? We talk about what investors should know before jumping in, given the volatility in Bitcoin prices, the influence of Elon Musk's actions, and the market's immaturity in comparison to gold, equity, and real estate. And we sign off by delving into its future, including the wide-reaching potential of blockchain technology that allows for the creation of a decentralised world. For now though, the industry is busy with NFTs. Oh boy. Read: What is blochain? And what can it offer us? Follow Gadgets 360 on Facebook, Twitter, Instagram, and YouTube. Write to us at podcast@gadgets360.com Chapters Intro (00:00) What is crypto? (00:37) The grey zone (03:13) Investor FAQ (08:43) (Global) concerns (18:51) A decentralised world (24:39) The future (28:58) Outro (35:23)
With leading banks stopping payments for crypto-currency traders, will the blockchain entrepreneurs, exchanges, or investors be able to fight back? WazirX Founder and CEO Nischal Shetty discusses this with ET's Sugata Ghosh and Apoorva Mittal. Clips courtesy: Saturday Night Live, Coinswitch Kuber, India Today, TV 18. Music courtesy: Adhesive Wombat
What exactly is happening in the crypto world? Why do prices fluctuate just because of someone's tweet or appearance in a live show? Where do Bitcoins come from? What is an NFT? If these questions bother you, we have a special guest today for you in this podcast. Nischal Shetty is the Founder & CEO of India's very own Crypto-asset exchange WazirX. He's software engineer turned serial entrepreneur and has been already listed under Forbes 30 Under 30.In this podcast, he talks about All the developments the cryptocurrency up-till now and their causes.NFTBitcoin MiningDogeCoin and much more.
Nischal Shetty is the CEO and Founder of WazirX, India's largest crypto exchange. In this conversation, we discuss: - How WazirX became India's largest crypto exchange- Getting acquired by Binance - Creating the Indian Cryptocurrency Code of Conduct - Digital Rupee- Decentralized Notification Protocols - The future of crypto in India- NFTs, BTC, ETH - The crypto community raising money for Covid-19 in India WazirX- Twitter: @WazirXIndia- Website: wazirx.com- Telegram: @wazirxNischal- Twitter: @NischalShetty------------------------------------------------------------------------This episode is brought to you by CoinPoker.CoinPoker is a revolutionary blockchain technology-based platform that was developed by an ambitious team of poker lovers.CoinPoker uses USDT as the main in-game currency and CHP as in-game fuel, offering all benefits of the crypto world alongside. CoinPoker also features instant and secure transactions using USDT, ETH, BTC or CHP tokens and no KYC.CoinPoker users get huge promotions, as they give away thousands in fiat value each week. CHP is the currency of the CoinPoker economy providing players with exclusive benefits and supports future developments delivered to the CoinPoker community.Play some hands, collect wins, and cash out in Bitcoin, Ethereum, or CHP!Twitter: @CoinPoker_OFFWebsite: coinpoker.comTelegram: @officialcoinpoker
Every problem has a solution. You just have to be creative enough to find it. Our guest in thisepisode is a problem solver at heart, who has used the art of coding to solve real-life problems. Brace for the resilient journey of Nischal Shetty, Founder and CEO, WazirX, India's largest cryptocurrency exchange. In a candid conversation with Akshay Datt, Nischal talks about his fascination for computers and his coding journey. It was in the second year of engineering when he was bitten by the coding bug and since then there's been no looking back. From building the Knightloader App for a college project (the App helped in downloading reading material from the Internet at night) to transforming his weekend passion project to Crowdfire which helped users to unfollow people on Twitter, Nischal has found logical solutions to problems via coding. He further talks about how a major setback with Crowdfire inspired him to build something that no one else can control. He found his calling in cryptocurrency and this is where the journey of WazirX began. Tune in to this episode to hear Nischal speak about how cryptocurrency has the power to disrupt the well-established and archaic BFSI sector, with WazirX being the torchbearer of this change. Key takeaways: ● Cryptocurrency 101 ● India's response to cryptocurrency ● The association between WazirX and Binance (the world's largest cryptocurrency exchange). ● Cryptocurrency as a means to diversify investments
Nischal Shetty, Founder of WazirX on being India's largest crypto exchange and WRX touching $1 billion market cap. In this episode: Nischal's background, his experience with Crowdfire and why he entered the crypto industry Why he started WazirX Why the name WazirX Why recently the WazirX website crashed Why have Indian volumes jumped massively Are Indian volumes growing at same rate as global volumes or faster How record breaking users are signing up per day Why skeptics who claim such high exchange volumes are fake are wrong Why they launched WazirX NFT marketplace Why WRX token's market cap touched $1 billion market cap What the future plans are for using WRX token Why WRX token increased 10x in the last week What have been the challenges in running an Indian crypto exchange What he feels about international crypto exchanges entering India WazirX big new feature announcement, announced first on Sunny Bitcoin How did the Binance funding happen and how has life changed since then How involved is Binance in WazirX What crypto industry wide initiative is happening right now for government advocacy What are his views on the current crypto industry market Why he doesn't think the bitcoin blockchain is the Internet His message to WazirX and Indian crypto users --- Send in a voice message: https://podcasters.spotify.com/pod/show/btclighthouse/message
Nischal Shetty, the CEO of India’s top crypto exchange WazirX joins hosts Danny Nelson and Anna Baydakova on this week’s Borderless to talk crypto bans. Rumor has it India’s government is gearing up for a crypto crackdown; possibly a complete ban. Is that really the case? Nischal helps untangle fact from fiction in one of crypto’s most exciting emerging markets.The conversation then turns to crypto-environmentalism, first through mining and then via NFTs. Miami’s dream of becoming a hub for “clean energy” crypto mining could run into some pretty “hot” opposition. Meanwhile, another NFT marketplace is bending the knee to environmentalists’ demands, but only slightly.https://www.coindesk.com/miami-mayor-wants-city-to-become-bitcoin-mining-hubhttps://www.coindesk.com/nifty-gateway-pledges-to-go-carbon-negative-amid-criticism-of-nftshttps://www.coindesk.com/cbdcs-will-reduce-demand-for-bitcoin-says-south-korea-central-bank-chief
Nischal Shetty, the CEO of India's top crypto exchange WazirX joins hosts Danny Nelson and Anna Baydakova on this week's Borderless to talk crypto bans. Rumor has it India's government is gearing up for a crypto crackdown; possibly a complete ban. Is that really the case? Nischal helps untangle fact from fiction in one of crypto's most exciting emerging markets.The conversation then turns to crypto-environmentalism, first through mining and then via NFTs. Miami's dream of becoming a hub for “clean energy” crypto mining could run into some pretty “hot” opposition. Meanwhile, another NFT marketplace is bending the knee to environmentalists' demands, but only slightly.https://www.coindesk.com/miami-mayor-wants-city-to-become-bitcoin-mining-hubhttps://www.coindesk.com/nifty-gateway-pledges-to-go-carbon-negative-amid-criticism-of-nftshttps://www.coindesk.com/cbdcs-will-reduce-demand-for-bitcoin-says-south-korea-central-bank-chiefSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Disclaimer: The information provided in this podcast does not constitute investment, financial, trading, or any other sort of advice. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Bitcoin is a new alternative asset class. It has been around for over a decade and withstood two global recessions. In 2017, Nischal Shetty founded WazirX, which today has grown to become India's largest cryptocurrency exchange. Nishcal is a Blockchain influencer on Twitter with over 50K followers. He's on a mission to involve everyone in the blockchain revolution and has been a part of online campaigns like #IndiaWantsCrypto that evangelises the adoption of cryptocurrency in India. Prior to starting WazirX, he founded Crowdfire after an all-night coding session. In this conversation, Roshan talks to Nischal to explore more about - - Nischal's journey thus far (01:16) - Starting WazirX (3:31) - Building trust in a new category (07:19) - Educating customers with the right information (13:30) - Influencing crypto policies & regulations (16:23) - Evangelising crypto-community in India (21:41) - WazirX - The business (24:35) - Being acquired by Binance in 2019 (32:58) - Transitioning to decentralised finance (34:48) - Future for crypto in India (38:25) ---------------- Connect with Nischal - Linkedin - https://www.linkedin.com/in/nischalshetty Twitter - https://twitter.com/NischalShetty ---------------- Check out The Daily Reader: https://www.tinyurl.com/wanttobeadailyreader ----------------- Found this episode informative? Let us know by hitting the like button & subscribing to our channel. You can also Tweet or DM us on - LinkedIn - https://www.linkedin.com/company/startup-operator Twitter - https://twitter.com/OperatorStartup --- Send in a voice message: https://anchor.fm/startup-operator/message
In the very first episode of Dare Do Speak, the guest is Nischal Shetty, Founder and CEO of WazirX, India's largest cryptocurrency exchange (acquired by Binance). In a conversation with Diksha Dutta, he speaks about what it takes to be a crypto entrepreneur in India; the proposed ban on cryptocurrencies in the country; the future of NFTs and DeFi; and more.
Nischal Shetty, Co-Founder and CEO of WazirX, on how to take a product-first approach to build a startup 1. Get feedback from users early on- even at the idea stage 2. Understand the core problem deeply 3. Play to the strengths of the founding team Getting founder-product-market fit right provides a real advantage for #success in the #future. #KalaariPodcastWhen it comes to #startups, there is no fast track to #success. Almost all startup teams go through a variety of crises and challenges Behind The Scenes. Having been a part of many startup journeys over the last decade at Kalaari, we believe that there are valuable lessons to be gained from the journeys of others. These episodes from Kalaari come from our continued commitment to empower and encourage #entrepreneurship.If you have any suggestions, please reach out to us, podcasts@kalaari.com. We would love to hear from you.For more podcasts, visit our website- https://www.kalaari.com/podcast
The FTX Podcast - Builders and Innovators in the Cryptocurrency Industry
Nischal Shetty is the founder and current CEO of WazirX. The largest cryptocurrency exchange in India. He's an innovator, true entrepreneur and advocate of crypto adoption.