How Cryptocurrency is beneficial and risk is huge

 

In the pandemic period, cryptocurrency has created a distinct identity in the asset class. According to English NewsPaper, the two most popular cryptocurrencies at both the level of trading volume and market capitalization are Bitcoin and Ethereum. Since January, bitcoin prices have risen by around 141 percent, while ethereum prices have risen by over 250 percent. Both cryptocurrencies are at a three-year high. Cryptocurrency is digital storage of a quantity. These coins are digitally stored separately from physical currency (rupee, dollar, etc.) and are not operated by any central bank. A coin can be divided into several parts, and each part is defined by its unique code. The veracity of each cryptocurrency transaction is tested on the blockchain and it is seen whether the corresponding coin is available in the given wallet. It is also examined whether one coin was displayed in two transactions.

But cryptocurrency has its own risks. By Today Lucknow News Special Task Force arrested three people here for online and cryptocurrency fraud. Although the private and public keys related to the cryptocurrency wallet are different and use the SHA-256 encoding technology, your cryptocurrency is in danger if the hacker somehow finds your private key. Hence the risk in cryptocurrency transactions is also very high. Bitcoin is a very popular currency for cybercriminals, due to which its image continues to be questioned. However, one of the advantages of this is that if you remember private and public keys, then you can transact in cryptocurrency even without any electronic or physical records. Crypto is used quite a bit in common transactions. But they are quite useful for cross-border transactions. They facilitate cross-border transactions free of governmental controls while keeping transaction expenses to a minimum. Buying bitcoins in rupees and selling them in US dollars has become a common method of rupee-dollar exchange. Some nations, including large economies such as Japan and Korea, have allowed cryptocurrencies to be used as business transactions. At the same time, some countries have also banned them. In many countries, the legitimacy of cryptocurrency is in the gray area or they are being considered as tomorrow and commodity. Like any art, crypto may have little intrinsic value but may be priced too high depending on demand.

 

 

The Reserve Bank of India had imposed a banking ban on cryptocurrency transactions, which was lifted by the Supreme Court in March 2020 according to . One can transact cryptocurrency in Indian rupees on many exchanges. However, Latest India News is it is also possible that the cryptocurrency business may be banned again in the future through legislative action. If you trade in cryptocurrency then you should be prepared for it. Apart from regulatory and digital risk, volatile prices are also a concern. The daily price fluctuations in cryptocurrency are higher than those of stocks, derivatives, and foreign exchange. This is because any factor that affects the price is not fundamental. Their prices are fixed according to the demand and supply, in which the public sentiment created through news also contributes. Since the year 2015, there is a difference of more than 5 percent in the maximum and lowest prices of bitcoin on daily basis. The difference in cryptocurrency prices based on location is also seen. Therefore arbitrage is quite common on exchanges when there is a high price differential. Apart from this, the speed of verification of any transaction is slow at the moment. Blockchain verification of high-volume transactions currently takes a long time (a few minutes or a few hours). But this is less than the time (2-4 days) it takes for cross-border physical currency transactions.

Given all the risks, the question arises as to why transact in cryptocurrency? The potential return in cryptocurrency is quite high. Cryptocurrency has been highly profitable during times of crisis. In times of uncertainty, cryptocurrencies have been as effective as gold for investment.

In fact, after the 2008 subprime crisis, an unknown person or group of individuals named Satoshi Nakomote gave birth to the concept of bitcoin and during the global financial crisis of 2011-12, its expansion was accompanied by a sharp rise in prices. Cryptocurrencies prove to be profitable whenever the time comes for geopolitical tensions or financial turmoil. For example, there was a sharp jump in cryptocurrency prices after demonetization in India.

So will the global uncertainty continue in 2021?

It is much more likely that this will happen. Although there are reports about vaccine development, but vaccination of 7 billion people will take a long time. The global economy is in turmoil. Geopolitical crises are also visible such as Brexit, power transition in America, Syria, Ukraine vs Russia, Poland and Hungary vs EU, India-China, etc.

It may take about two years or more for the global economy to take its shape. Cryptocurrencies can provide net profit, although prices may fall moderately at times. If you are comfortable buying an artwork as an investment, then crypto can give higher returns with equal risk.

 

 

 

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12 year of 26/11 and cyber Terrorism

 

More than 12 years of 26/11 in which 10 Pakistan-based Lashkar-e-Taiba (LeT) terrorists breached security barriers to lay a three-day siege on Mumbai, hitting various locations in the country’s business capital, killing 166 people, and injuring more than 300, India has yet to address gaps in its internal as well as cybersecurity apparatus.

Tomorrow's terrorist may be able to do more damage with a keyboard than with a bomb - National Research Council

Cyber Terrorism in simple words means doing unlawful things, though the internet for political purposes, to create hate in the minds of people. Any act which is done through cyberspace to create a threat in the minds of the people or to breach the sovereignty, unity, or integrity of a country, or to provoke people or a group of people against the government. Creating panic or alarm through attacking information system of a country. Cyber terrorism can be defined as electronic attacks from cyberspace from both the internal and external networks, particularly from the Internet that emanate from various terrorist sources with a different set of motivations and are directed at a particular target.

Terrorism is spreading all over the world and it is the greatest threat in today's society, Cyber Terrorism is vast spreading. We live in a dangerous world where terrorism gone beyond the Bodily injury It's a dangerous and spreading threat to virtual reality.

 

Terrorist groups are making effective use of technology, social media, and other innovative tactics not only to evade arrest and prosecution but to disseminate their propaganda and recruit foot soldiers. For instance, Al-Qaeda’s websites carry manuals on how to construct explosive devices. Social media also provides anonymous avenues for terror groups to communicate with each other. During the 26/11 Mumbai attacks, all the 10 terrorists involved, were in constant communication with their handlers in Pakistan through satellite phones. Those handlers in Pakistan, in turn, were using the Live Breaking News television coverage of the state response to pass on messages to the terrorists, almost in real-time.

 

 

The impact of social media on the spread of terrorism can be seen in the conflict in Kashmir, where there is a growing trend of increased radicalization, especially amongst the youth.

There has been an increasing trend towards cashless modes of financial transactions in recent years. This is amongst the Indian government’s policy priorities, like Cashless India, Digital India, etc. The increasing dependence on technology for governance, delivery of services and financial transactions will bring in transparency, swiftness, and increasing accessibility to services. It also brings its own set of vulnerabilities.the digital domain has become a target for India’s adversaries in the last few years.Many other countries are also grappling with the threats posed by state and non-state actors by using technology-driven information warfare. The multiple challenges emanating from the cyber domain include interference in elections through the use of propaganda in social media, fake Latest news leading to panic, and digital disruption of energy assets and transportation systems.

 

To ward off these threats, India should build robust systems to ensure uninterrupted and safe operations of the country’s digital infrastructure. According to Today Lucknow Newspaper, Some states have already initiated concerted steps to ramp up their cyber capabilities.Tackling these cyber challenges will require a great deal of coordinated effort as well as innovative approaches at the inter-agency level. To begin with, it is imperative to address the structural and organizational issues pertaining to the country’s cybersecurity apparatus. The challenges are enormous, and greater financial investments are needed.

Cyber Terrorism is the biggest threat which is spreading on a global scale which is required to take care by whole globe as a one unit. It is becoming bigger threat with development of technology; the more world will depend on digital world more vulnerable it will become. Every day new technology has been introduced with the introduction of new technology new threat is been created. As compare to increasing cyber terror the security for that threat has not been introduced we are lacking behind in making of cyber space a secure place. It is the biggest question of security even for the biggest countries of the world.

 

 

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Digital India & Cyber Crime

 

Digital India may have become a soft target for criminals as the country recorded a huge increase of 63.5 per cent in cybercrime cases in the year 2019, showed the National Crime Record Bureau data. The NCRB's data stated that 4,4546 cases of cybercrimes were registered in 2019 as compared to 28,248 in 2018.

According to Lucknow Newspaper Data from the National Crime Records Bureau (NCRB) has revealed that Uttar Pradesh accounted for the maximum number of economic offences in 2018. While the state recorded 22,822 cases of economic offences, Rajasthan was a close second with 21,309 such cases. The data showed in 60.4 per cent of cases, registered fraud was the motive followed by sexual exploitation (5.1%) and causing disrepute (4.2%).

The data comes at a time when India’s probe agencies – the Enforcement Directorate and the Central Bureau of Investigation – are investigating some crucial cases pertaining to economic offences, including the Rs14,356 crore Punjab National Bank scam, the INX Media case, as well as the ICICI Bank-Videocon Industries case.

 

 

The Information Technology Act- 2000, lays down the provisions regarding cybercrimes and the penalties there off. An amendment was made in 2008, with a special focus on Information Security. However, not all cybercrimes are covered under IT Act, with crimes related to forgery, threat, misappropriation etc have provisions under the Indian Penal Code (IPC).

Despite the tall claims by the Yogi Adityanath government in Uttar Pradesh on the improving law and order situation, the new age crime - ransomware - seems to be growing in the state. By Latest Today News in NCRB report, out of 1,218 cyberattacks involving ransomware, 1,136 took place in Uttar Pradesh. Notably, there is a 400% rise in such cases across the country as compared to the 2017 numbers. In 2017, there were just 300 such cases countrywide, though UP had still the highest 245 cases involving ransomware then. Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid.

Even the states considered to be information technology hubs, like Karnataka and Andhra Pradesh, are nowhere close to UP. While Andhra Pradesh has zero such cases registered in 2018, Karnataka has seven. The only state that comes next to UP is Jharkhand with mere 51 cases. Nevertheless, Karnataka still tops the charts when it comes to non-ransomware cyberattacks.

 

According to Up News Live by a senior police officer in UP's cybercrime cell, "Computer illiteracy combined with negligence is the primary cause of ransomware attacks."

 

Good anti-virus software and not falling prey to attractive but unauthentic lucrative baits in the form of cash rewards are some of the safeguards. Besides, there are times when small firms or individuals attach their backup data to the internet by plugging devices into their systems. Such data is always vulnerable to ransomware. But considering the size of the state and its population, 1,136 is still a minuscule figure when compared to the way people throw caution to wind."

 

 

 

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Digital Service and rural development in India

Today, apart from lack of internet access in the country especially in parts of Uttar Pradesh, people are not able to use online services such as Latest Lucknow News. Lack of smartphones, lack of mobile towers in remote areas of the country, limited availability of broadband in the country are reasons. In such a situation, it is more challenging to materialize the dream of 100 percent digitization in the country.

The scheme launched as National Optical Fiber Network (NOFN) in the year 2011 was recognized in the year 2014 as BharatNet. But this plan could not be materialized. However, in order to make the scheme a success, the Telecom Ministry formed a company called Bharat Broadband Network (BBNL) in 2012. The job of this company was to manage, establish, and operate the BharatNet plan. At that time the goal of this scheme was to connect more than 2.5 lakh gram panchayats across the country. Now the government wants to empower the villagers by expanding this scheme.

Addressing the nation on August 15, Prime Minister Narendra Modi had talked about connecting six lakh villages with an optical fiber network within a thousand days. This means that broadband access will be provided in rural areas through optical fiber during this period. Under this, each gram panchayat will be provided with a bandwidth of at least one hundred megabytes per second.

 

 

This will make it easier to start online services in every panchayat. The biggest advantage of connecting villages with optical fiber networks will be that every villager will have access to Uttar Pradesh News Live for better e-governance, e-commerce, e-education, e-banking, e-health services.

Today electricity is available in most rural areas. Therefore, it is easy to implement this scheme. The condition and direction of education have changed radically due to the Corona Pandemic. Children of villages are also getting online education today. After the release of the Corona Pandemic, smart schools can be started in schools in villages with the help of an optical fiber network.

The Union Cabinet had recommended in January this year to implement the second phase of the optical fiber network scheme. The total budget of this scheme is Rs 42,068 crore, out of which Rs 18,792 crore will be spent in the second phase. At present, eight states have decided to implement the scheme, while states with complex geographical regions will implement satellite-based models. The second phase was planned based on the report of the NOFN panel in 2015, Which will be embodied by the government, private sector, and public sector undertakings. In this, people like optical fiber, radio, and satellite should be used to connect people to the Internet. Apart from this, Wi-Fi technology will be resorted to ensure the reach of the last phase, so that the convenience of the internet can be found smoothly everywhere at home and office.

There is no doubt that the realization of the NOFN scheme will increase the demand for data. This will also help in the development of agro-based industries in the rural area, as it will facilitate connectivity between farmers and industrial owners. According to one estimate, there may be a big jump in data consumption in the next two-three years. Data consumption in rural areas of India has more than doubled during the Corona epidemic. This round of growth is going to continue. India's total data consumption is projected to double by the year 2025 and monthly consumption per consumer of data is estimated to reach 25 GB.

With the increasing trend of villagers towards digitization, they will be able to increase their business with Latest Today News. The completion of information and education in rural India will create more employment and entrepreneurship opportunities for the villagers, which will open the way for the economic growth of rural areas. According to data released by the Telecom Regulatory Authority of India (TRAI), by May this year, the number of broadband subscribers across the country had reached 68.37 crores. Five major service providers, including the state-owned telecom company Bharat Sanchar Nigam Limited (BSNL), hold 98.93 percent of the market. India also has the substantial domestic capacity to manufacture optical fiber, but Indian companies are dependent on foreign companies for 4G equipment. However, Indian companies are confident that they can achieve the capability of producing 4G devices in the next two years.

The international body Mary Meeker released a report on Internet usage in 2019, according to which India is the most used Internet after China. America ranks third in this case. The report states that around 3.8 billion people worldwide are using the Internet. According to the April data of this year, China has thirty-five million Internet users, while in the US, this number is around 300 million. India also ranks second in terms of using the online market.

China occupies the first place. This is the case when Internet penetration in India is only between forty percent of the population. Internet penetration in China is between sixty-one percent of the population, while in the US it is eighty percent. Internet penetration in the metros of India is between sixty-five percent of the population, while the number of active internet users is only thirty-three percent of the total population. Active Internet users are those who use the Internet at least once a month.

In the global context, India accounts for twelve percent of the total internet users in the world, a big reason being that private companies are providing mobile data free of cost to consumers first and then at a cheaper rate. According to a report released in November 2019 by the Internet and Mobile Association of India and Nielsen, there were approximately 23 million Internet, active consumers, in rural areas of India, In the remaining cities, the number of active internet users is 21 million. The number of people using the Internet is very small compared to the total population of India. But this number has been increasing for the last five years.

In the remaining cities, the number of active internet users is 21 million. The number of people using the Internet is very small compared to the total population of India. But this number has been increasing for the last five years.

The Corona epidemic has increased the importance of digitization in an unprecedented way. Today, people are doing banking transactions, shopping, consulting doctors,s, etc. through video calls. In such a situation, if the plan to connect rural areas with optical fiber network is successful, then the doors of development in rural areas will be fully opened. "

 

 

 

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How Corona era evolve Digital India

 

With the increasing use of internet and computers, it was being predicted that the coming time would be different from its traditional form, which was reflected in the use of Digitaly intelligence in our everyday work, but the Corona Era changed the human civilization. Turned the picture into the Latest News shock.

 

Such a big change in human civilization probably came only after the discovery of fire, water and wheels earlier. Then the Internet changed the picture and many revolutionary events took place in the society and online came, but still many people were away from the Internet because they had traditional options for those works.

In fact, the prevalence of the Internet has reduced the difference between home and office to a great extent. Many old jobs will be past forever, while many new sectors will create employment in which only computers and the internet will rule. In circumstances when many workers working from home are waiting to return to normalcy, many of them will no longer be able to return to their traditional offices. Are we moving fast towards the Digital India future? Will it be the new normal ie New Normal? These are some of the questions for which thinkers from all over the world are engaged in finding answers.

 

 

 

 

The changes happening now are inevitable because even though the corona ends, the entire human civilization will prepare for this kind of epidemic in the future. We may not be able to see the changes happening around us, but in the last eight months, a lot has changed in our lives forever. As we are adapting to work from home, our dependence on email, chat, and video conferencing is increasing, video calling is no longer for work, but for work. Not only business, IT sector, other companies, the common man is also giving more importance to video conferencing and online work. It is not only effective for limited physical contact in response to the corona epidemic but is also shaping new ways of working.

 

In the coming years, the expenditure on travel for work will be very less and it will change our work culture very fast while saving time and money on traveling with the app. A major social impact of work from home may be that gender discrimination in employment with women will be less, as it is believed that women are difficult to hold in emergency situations until late at night.

 

Hospitals and healthcare institutions are also changing in the country, which is gaining momentum in the Corona era. Now e-consultancy is a virtual consulting reality that is being done through audio and video conferencing tools. The Government's Telemedicine Practice Guidelines give legal form to doctors in remote areas of the country to deliver their services through the Internet which has been released on March 20 according to Uttar Pradesh News.

 

This method of medicine will benefit people not only in this time of crisis but also in the future. Doctors and patients will be able to connect to digital platforms instead of in-person visits, which will reduce unnecessary congestion in hospitals and patients will reach hospitals for treatment of serious diseases. The corona epidemic is a crisis that has posed a challenge to medical scientists as well as other scientists so that we will see changes in all areas of science.

 

India is on the tip of innovation and is going all guns blazing to digitize the citizen-centric services. One of the greatest challenges testing this collective vision will be to prudently channelize gains, to refine the standard of living of the poorest of poor.

 

As par Latest Lucknow News,In rural areas, there are disputes over land, barn as well as occupation of land. If the village map, Khasra-Khatouni and other figures are digitized, then there will be no dispute in the villages and towns. Therefore, all the records should be digitized.

 

 

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