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E-Crypto News Talks to MarketOrders COO Sukhi Jutla

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Today we have featured the leading Lady of Fintech globally Sukhi Jutla COO at MarketOrders. She has graced us with answers to some pressing questions concerning women and Fintech! ENJOY…


Sukhi Jutla, COO MarketOrders Author “Escape the Cubicle: Quit the Job You Hate, Create a Life You Love”

E-Crypto News:

  1. What’s it like being one of the leading lights in fintech?

I consider myself an (accidental!) tech entrepreneur. I say accidental as I never set out to build startups in the tech space but followed my curiosity, strengths and interests which led me down this path. I truly believe that when you do work you love and that plays to your strengths, you will do well in it.
It’s an honour to be seen as a leading light in this field but I just see myself as someone who is curious with an open mindset and ready to learn at every moment. And that is what led me to this point.

E-Crypto News:

  1. How hard is it for women in the technology industry to move up on a general basis?

Tech does have an image problem in that most people think you need to be a coder or programmer to work within Fintech, but this is certainly not the case. Technology is a collaboration of art, design and creativity to create solutions to problems and that means there are so many different routes into this field such as social media, graphic design and project management.

What I love about working in Fintech is that technology is inherently a democratising tool. Anyone around the world can now be a business owner if they have access to the internet and a smartphone.

Mindset is key to success – choose to believe that nothing can stop you (ie your gender, background, education, etc…) and you are already 90% there.

E-Crypto News:

  1. Are women and men on the same level as men in the global fintech community?

In recent years, we have seen a huge rise of women entering the Fintech world (myself included) and this is because I truly believe technology is a democratising tool. However, there still seems to be differences in terms of funding received by women, and this is something that needs to be addressed. I believe everyone should be given a fair chance of building their vision and that decisions of funding should not be based on gender (even though in most cases it is done unconsciously).

E-Crypto News:

  1. What needs to be done to provide greater inclusion for women in technology?

Shine a spotlight onto women role models doing great things in this field to encourage the next generation to join. Showcasing such women can also help to attract the attention of those with funds who would perhaps not normally seek our women entrepreneurs.

E-Crypto News:

  1. How can the common perception that technology is a “boys’ club” be changed?

Often it does seem like tech is all about knowing how to code but we should highlight different roles in this field to encourage more people to consider careers in tech. This would make it more inclusive and open to all.

E-Crypto News:

  1. What are the obstacles that you have faced while moving up the ladders in the tech world?

In my corporate days, I worked in banking and consulting, which was very male-dominated. However, I was always encouraged, supported and mentored by many of my male colleagues who treated me as an equal. In terms of moving up the career ladder, however, I found it difficult as in large corporates there can be a lot of politics involved and most often promotions are not based on merit but on who you know. This isn’t something that united well with me as I believe merit needs to be seen and rewarded.

E-Crypto News:

  1. Women seem to be finding their footing in the tech world. Will the new decade hold surprises for both genders?

Absolutely, technology continues to democratise access to information and knowledge which opens up the path to many opportunities. We are still very much at the beginning of what technology can do and I suspect the world will look very different within the next 5 years with more women leaders taking the stage.

E-Crypto News:

  1. The developing world is yet to catch up with the increased participation of women in tech. What can be done to change this trend?

Shining the spotlight on women in tech and using them as role models can inspire the next generation of leaders. You never know who can be inspired by your story. My eyes first opened to the possibility of being a business owner when I read about a local businesswoman interviewed in my local newspaper when I was 11 years old. I was amazed that she had little education and had created a chain of successful beauty salons. It was in that moment I knew I could also do well in business and ironically, I was featured in that same newspaper 20 years later being interviewed on my own business ventures!

E-Crypto News:

  1. What’s it like being in a field that is perceived to be dominated by men?

On a day to day basis, I really don’t notice being in a field dominated by males (other than when I go to tech conferences!) but this is not something that concerns me as I know that by being a woman in tech I serve as a role model and example to other women to just go for what they want and not let anything stop them. I have also found my male peers in tech to be very supportive and many of my mentors including my CEO and co-founder are men. I believe we can learn a lot from each other regardless of gender.

E-Crypto News:

  1. If you had three wishes for women globally and a genie that could make those wishes come true, what would they be?

Step into your greatness

Own your success – ambition is not a dirty word!

Don’t be afraid to ask for help

Source: https://e-cryptonews.com/e-crypto-news-talks-to-marketorders-coo-sukhi-jutla/

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XRP short-term Price Analysis: 31 October

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Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the XRP short-term market and its impact on the price.

As the Bitcoin market moved between some tough resistances and support over the past few days and given the strong correlations with the altcoins, XRP, the third-largest crypto has been noting a tug an pull with the asset’s value.

At press time, XRP was moving higher on the price scale with its current value at $0.2387. However, as the coin aimed higher, the market appeared indecisive of its next move.

XRP 1-hour chart

Source: XRP/USD on TradingView

The above chart noted the value of XRP moving along an ascending channel. Even though the trend dictates a breakout higher than the current value, the remaining indicators were pointing at the divided interest among market makers.

XRP’s immediate resistance at $0.2405 has been maintaining its value lower, as it tested this resistance recently and dipped. The digital asset was once more moving to test this resistance but does not have enough volume to push the value past this level.

Reasoning

The Relative Strength Index indicated that XRP was at an equilibrium stage, presently. This meant that the buying and the selling pressure had leveled and were consolidating.

Similarly, the Bollinger bands had converged which meant that the volatility in the market was low. The low volatility clubbed with the low momentum highlighted by the Awesome Oscillator implied that it was difficult to predict the next move of XRP.

The 50 moving average was above the candlesticks, but the diminishing gap could point at a trend reversal. If XRP manages to surpass the $0.2405 level, we may witness a temporary bullishness. However, it might be better to make the trends become clearer in the short term.

Conclusion

The overall trend appeared bearish given the low volatility and the loss of momentum. Traders might want to look for a clear trend change signal before assuming long or short positions.

Source: https://eng.ambcrypto.com/xrp-short-term-price-analysis-31-october

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Huawei’s New Phone Mate40 Will Have a Wallet For China’s Digital Currency

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Multinational technological giant Huawei announced today that its newly-launched smartphone has a built-in wallet that will allow users to store, send, and receive China’s national digital currency.

Announcing the features of the Mate40 series in a Weibo post, the company said that the device is the first smartphone that supports the digital yuan via a hardware wallet.

The Chinese giant said in the post that users would enjoy hardware-level security while being able to control and protect their anonymity. Users can also conduct dual transactions using the new device, meaning they can also send and receive payments offline.

According to Huawei, the device guarantees a new safe and convenient payment experience for users.
To celebrate the launch of the smartphone, the company said it is giving out a free Mate40 Pro to the Weibo user who shares the post the most until November 6, 2020.

Huawei Partners China’s Central Bank

Huawei has been an active player in the blockchain industry, and the company continues to develop its blockchain capacities.

In November 2019, Huawei signed a strategic partnership with the digital currency research unit of the People’s Bank of China. After conducting a massive airdrop for the digital yuan last month, the country is now close to fully launching the new currency.

Samsung Leads Blockchain Smartphones

Meanwhile, Huawei is not the only company exploring new generation blockchain smartphones with built-in crypto wallets. The likes of LG and crypto exchange Houbi have also ventured into the blockchain smartphone market, with Samsung taking the lead.

Samsung released its first crypto-friendly phone in 2019, which provided support for BTC, ETH, and ERC-20 tokens. Since then, the South Korean multinational electronics mogul has been expanding its phones’ interaction with cryptocurrency and blockchain services.

In May, the company partnered with US-based crypto exchange Gemini to allow users to connect to the Gemini mobile app without having to log in again. In July, Samsung added Stellar and Decentraland to its Blockchain Keystore wallet.

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Source: https://cryptopotato.com/huaweis-new-phone-mate40-will-have-a-wallet-for-chinas-digital-currency/

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UK Citizen Allegedly Used Bitcoin to Facilitate ISIS Members Prison Breaks

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A 27-year old British citizen had appeared before a local court because of allegations that he had used Bitcoin to send money to help ISIS members escape Syrian prison camps. The man, Hisham Chaudhary, has reportedly been a member of the Islamic State for over four years.

Terrorist Prison Breaks Funded By Bitcoin

According to the Dailymail coverage, Chaudhary has been an accepted member of the Islamic State since early 2016 – an infamous terrorist organization banned under UK law since 2014.

Some of his responsibilities within the group included gathering and transferring funds abroad to assist captured ISIS militants to escape from prison camps in northern Syria, controlled by the Kurds. Chaudhary’s preferable currency was Bitcoin. He acquired and sent an undisclosed amount of BTC to facilitate the transactions and remain hidden from authorities.

The charges against the 27-year-old also include compiling and disseminating a terrorist publication called The Wholesome Fruit In The Virtues And Etiquettes Of Jihad last year.

In total, Chaudhary faces seven charges. Four of them are against the terrorist publication, one for his association with the organization, and two counts of entering a funding arrangement. However, he hadn’t plea to the charges during his video appearance at Westminster Magistrates’ Court.

Crypto Connections With Terrorist Group Rise

Bitcoin’s involvement with terrorist organizations has been spiking in the past few months. Reports surfaced in early August that the US Department of Justice (DOJ) had seized over 300 cryptocurrency accounts linked or operated by three notorious groups – al-Qaeda, Hamas, and again – ISIS.

US law enforcement agencies followed the funds to the accounts on the Bitcoin blockchain, as everything is recorded on the network. They saw millions of dollars worth of transfers from fundraising campaigns and anonymous donation ending in the wallets.

Acting US Attorney Michael Sherwin commented that “these individuals believe they operated anonymously in the digital space, but we have the skill and resolve to find, fix, and prosecute these actors under the full extent of the law.”

Additionally, French authorities arrested 29 people allegedly operating a sophisticated network of funding jihadists and al-Qaeda members with digital assets. The police found evidence that the accused purchased cryptocurrency coupons in France. They transferred the details by secure messaging to jihadists in Syria, who retrieved the funds through digital asset platforms.

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Source: https://cryptopotato.com/uk-citizen-allegedly-used-bitcoin-to-facilitate-isis-members-prison-breaks/

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