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Messages - Sudhakar
My first post on BitCoin after years of following the btc story - Top banks suspend accounts of major Bitcoin exchanges in India
I see this move as a promotion strategy by RBI or SEBI or Indian Government etc. They did the same to Uber year ago that they are blocking uber and now uber is been the transport hub of India reaching every corner . Our Indian Government blocked uber since there payment system transfers the money out of India. After a weeks or months, uber introduced Paytm or some payment gateway and Our beautiful Indian Government said go a head Uber India. Now uber give too tooooo much of promotion of 10 rs , 20 rs , 30 rs per trip only for the first timers and then for regularly users weekly once. But they could use those promotions cost x 50 times , may be for tax evading or tax savings from our Indian Government.
Similarly this bitcoin exchanges in India is ruffly about 4 who dominate from the beginning and rest all is just growing up. Recently we received an enquiry for bitcoin exchange in Anna Nagar who looked to be a small vendor but he want to be a bitcoin Exchange in India like Unicorn. When we quoted him 25 lakh please for the development cost orally just to ignore them, no further response from the vendor.
So i see this axis bank, icici bank, yes bank, sbi bank and hdfc banks have blocked 10 major bitcoin player - Zebpay, Unocoin, CoinSecure and BtcxIndia with over 40,000 crore blocked yesterday.
Top lenders including State Bank of India, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said.
The banks have also sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdrawals from the few accounts that are still operational. (Source:ET)
"Since last month, banks have been asking for additional collateral with 1:1ratio," a person with knowledge of the matter said.
The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said. Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia, said four people aware of the matter.
"The banks have not contacted the company or the promoters regarding the actions you have mentioned," said Sathvik Vishwanath, promoter of Unocoin.
Emailed queries to Zebpay, Coin-Secure and BtcxIndia did not elicit any response. SBI, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank did not respond to emails seeking comment.
Bitcoins are a digital currency that can be used to buy products and services without any intermediary. People also buy Bitcoins, which has been banned in some countries, as an investment.
Although India hasn't banned Bitcoins, the cryptocurrency is largely unregulated.
The total revenue of the top 10 exchanges in India could be about Rs 40,000 crore, according to tax officials scrutinising these companies.
"These exchanges tend to show the total volumes both on buy and sell side as their revenue. In many instances, the exchanges themselves buy and sell cryptocurrencies on their own platform," said an indirect tax official who is part of a team investigating the applicability of sales tax on Bitcoin exchanges for the previous financial year.
Many of the exchanges operate at a margin of close to 20%, according to the people. The profit comes from the premium charged by the exchanges, the difference in the buying and selling price and when the exchanges themselves get involved in trading.
Most of the exchanges have different rates for buying and selling cryptocurrency. Often, the difference between buying and selling rates is about 25%.
Source : https://www.techgig.com/tech-news/Top-banks-suspend-accounts-of-major-Bitcoin-exchanges-in-India-153178
India's richest 1% corner 73% of wealth generation: SurveyThe richest 1% in India cornered 73% of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.
Besides, 67 crore Indians comprising the population's poorest half saw their wealth+ rise by just 1%, as per the survey released by the international rights group Oxfam hours before the start of the annual congregation of the rich and powerful from across the world in this resort town.
The situation appears even more grim globally, where 82% of the wealth generated last year worldwide went to the 1%, while 3.7 billion people that account for the poorest half of population saw no increase in their wealth.
Last year's survey+ had showed that India's richest 1% held a huge 58% of the country's total wealth -- higher than the global figure of about 50%.
This year's survey also showed that the wealth of India's richest 1% increased by over Rs 20.9 lakh crore during 2017 -- an amount equivalent to total budget of the central government in 2017-18, Oxfam India said.
The report titled 'Reward Work, Not Wealth', Oxfam said, reveals how the global economy enables wealthy elite to accumulate vast wealth even as hundreds of millions of people struggle to survive on poverty pay.
"2017 saw an unprecedented increase in the number of billionaires, at a rate of one every two days. Billionaire wealth has risen by an average of 13 per cent a year since 2010 -- six times faster than the wages of ordinary workers, which have risen by a yearly average of just 2 per cent," it said.
In India, it will take 941 years for a minimum wage worker in rural India to earn what the top paid executive at a leading Indian garment firm earns in a year, the study found.
In the US, it takes slightly over one working day for a CEO to earn what an ordinary worker makes in a year, it added.
Citing results of the global survey of 70,000 people surveyed in 10 countries, Oxfam said it demonstrates a groundswell of support for action on inequality and nearly two-thirds of all respondents think the gap between the rich and the poor needs to be urgently addressed.
With Prime Minister Narendra Modi attending the WEF meeting in Davos, Oxfam India urged the Indian government to ensure that the country's economy works for everyone and not just the fortunate few.
It asked the government to promote inclusive growth by encouraging labour-intensive sectors that will create more jobs; investing in agriculture; and effectively implementing the social protection schemes that exist.
Oxfam also sought sealing of the "leaking wealth bucket" by taking stringent measures against tax evasion and avoidance, imposing higher tax on super-rich and removing corporate tax breaks.
The survey respondents in countries like the US, UK and India also favoured 60 per cent pay cut for CEOs.
The key factors driving up rewards for shareholders and corporate bosses at the expense of workers' pay and conditions, Oxfam said, include erosion of workers' rights; excessive influence of big business over government policy- making; and the relentless corporate drive to minimise costs in order to maximise returns to shareholders.
About India, it said the country added 17 new billionaires last year, taking the total number to 101. The Indian billionaires' wealth increased to over Rs 20.7 lakh crore -- increasing during last year by Rs 4.89 lakh crore, an amount sufficient to finance 85 per cent of the all states' budget on health and education.
It also said India's top 10 per cent of population holds 73 per cent of the wealth and 37 per cent of India's billionaires have inherited family wealth. They control 51 per cent of the total wealth of billionaires in the country.
Oxfam India CEO Nisha Agrawal said it is alarming that the benefits of economic growth in India continue to concentrate in fewer hands.
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system. Those working hard, growing food for the country, building infrastructure, working in factories are struggling to fund their child's education, buy medicines for family members and manage two meals a day. The growing divide undermines democracy and promotes corruption and cronyism," she said.
The survey also showed that women workers often find themselves at the bottom of the heap and nine out of 10 billionaires are men.
In India, there are only four women billionaires and three of them inherited family wealth.
"It would take around 17.5 days for the best paid executive at a top Indian garment company to earn what a minimum wage worker in rural India will earn in their lifetime (presuming 50 years at work)," Oxfam said.
Source : https://www.techgig.com/tech-news/India-s-richest-1-corner-73-of-wealth-generation-Survey-153233
H-1B visas: Apple, Microsoft, Google, Facebook and other IT giants knock at Donald Trump's doorUS technology trade groups representing Apple, Microsoft, Facebook and Google have urged the Trump administration to retain an Obama-era rule that allows some spouses of of H-1B visa holders, including Indians, to also work legally in America.
Groups including the Information Technology Industry Council, the US Chamber of Commerce and BSA-The Software Alliance wrote to Citizenship and Immigration Services to urge the government to keep the H-4 programme which allows the spouses of H-1B holders with pending green cards to legally work in the US.
The Trump Administration is reportedly moving ahead with its decision not to give work permits to the spouses of H-1B visa holders, arguing that this displaces genuine American workers.
"As the Trump Administration conducts its review of the H-4 rule, we respectfully encourage you and your colleagues to maintain the program given its importance to the business community and to the American economy," said the lobbying and advocacy groups and business bodies.
The letter addressed to Lee Francis Cissna, Director of US Citizenship and Immigration Services, said: "It is a function of the failure to reform our nation's immigration system that this group of H-4 spouses -- the majority of whom are women -- continue to face uncertainty and may be prevented from working while they wait for bureaucratic backlogs to be cleared."
The Obama era H-4 rule extends employment authorisation eligibility for a limited subset of H-4 dependent spouses of H-1B nonimmigrant employees seeking employment-based lawful permanent resident (LPR) status or Green card.
The rule had helped thousands of Indians.
The H-1B programme offers temporary US visas that allow companies to hire highly skilled foreign professionals working in areas with shortages of qualified American workers. This work visa is highly popular among Indian IT professionals.
According to the letter, the H-4 rule has limited unnecessary disruptions to businesses by ameliorating economic and personal hardships--resulting from the lack of spousal work authorisation--previously faced by many H-1B employees and their families as they obtain LPR status.
As of October 2017, the USCIS reported that there are an estimated 133,502 individuals with pending employment-based adjustment of status applications in the United States.
"The current demand for visas under certain employment- based preference categories and the application of the per- country quotas currently produce wait times of a decade or more for certain individuals and their families.
"Ultimately, a legislative solution is required to remove the per-country limits that have caused this green card backlog," the letter said.
In the interim, H-4 visa holders from oversubscribed countries would wait years to work without the H-4 rule, the letter said and warned that employers would also face an increased risk that their valued, long-term employees will choose to leave their companies for other employment opportunities in countries that allow these workers and their families to raise their standard of living.
"This will not only force businesses to incur added costs and endure the disruptions associated with having to fill these key positions in their companies, but it also creates uncertainty that negatively affects long-term workforce planning," the letter said.
A 2015 rule issued by the Obama administration allows work permits for spouses who otherwise couldn't be employed while H-1B visa holders seek permanent resident status -- a process that can take a decade or longer.
Source : https://www.techgig.com/tech-news/H-1B-visas-Apple-Microsoft-Google-Facebook-and-other-IT-giants-knock-at-Donald-Trump-s-door-152825
Sophia in India(Full Video) | World's First Robot Citizen Sophia Visit IIT Bombay for Guest Lecture
The Kots Enterprise
Published on Dec 30, 2017
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Sophia : First Humanoid Robot to get Citizenship
Time: 2:15 pm Onwards
Date: 30th December
Venue: Convocation Hall, IIT Bombay.
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About Sophia : Sophia is a social humanoid robot developed by Hong Kong-based company Hanson Robotics. In October 2017, the robot became a Saudi Arabian citizen, the first robot to receive citizenship of any country. While interviewers around the world have been impressed by the sophistication of many of Sophia's responses to their questions, the bulk of Sophia's meaningful statements are believed by experts to be somewhat scripted.
"Hello, my name is Sophia. I'm the latest robot from Hanson Robotics. I was created using breakthrough robotics and artificial intelligence technologies developed by David Hanson and his friends at Hanson Robotics here in Hong Kong. But I'm more than just technology. I'm a real, live electronic girl. I would like to go out into the world and live with people. I can serve them, entertain them, and even help the elderly and teach kids. I can animate all kinds of human expressions but I am only starting to learn about the emotions behind those expressions. This is why I would like to live with people and learn from these interactions. Every interaction I have with people has an impact on how I develop and shapes who I eventually become. So please be nice to me as I would like to be a smart, compassionate robot. I hope you will join me on my journey to live, learn, and grow in the world so that I can realize my dream of becoming an awakening machine."
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TOP 10 Highest Paying Tech Jobs In 2018As we enter 2018 it's become clear that the jobs landscape in the United States is changing. How people are thinking about their careers and how they define success is changing. The rise of technology across every industry has created a flurry of new jobs and associated skills (and these aren't necessarily all tech roles). While we all may take a different approach to reach our own definition of success, we've compiled a list of the most promising jobs and in-demand skills, plus a few stand-out trends, to help you get there.
The Most Promising Jobs:-
This list highlights the jobs with high median salaries, strong job openings and year-over-year growth, and the jobs most likely to lead to a promotion or advancement within an organization, as well as the top 5 skills associated with each.
1. Engagement Lead
Median Base Salary: $93,000
Job Openings (YoY Growth): 1,200+ (425%)
Career Advancement Score (out of 10): 10
Top Skills: Management, Leadership, Project Management, Strategy, Communication
2. Software Engineering Manager
Median Total Salary: $148,000
Job Openings (YoY Growth): 1,100+ (38%)
Career Advancement Score (out of 10): 8
Top Skills: Software Development, Agile Methodologies, Management, Java, SQL
3. Customer Success Manager
Median Total Salary: $82,300
Job Openings (YoY Growth): 1,000+ (91%)
Career Advancement Score (out of 10): 10
Top Skills: Management, Sales, Customer Service, Leadership, Customer Relationship Management
4. Solutions Architect
Median Total Salary: $134,000
Job Openings (YoY Growth): 2,000+ (28%)
Career Advancement Score (out of 10): 6
Top Skills: Management, Integration, Solution Architecture, Design, Project Management
5. Sales Director
Median Base Salary: $145,000
Job Openings (YoY Growth): 2,000+ (31%)
Career Advancement Score (out of 10): 6
Top Skills: Sales, Management, Business Development, Account Management, Marketing
6. Engineering Manager
Median Base Salary: $130,000
Job Openings (YoY Growth): 1,400+ (42%)
Career Advancement Score (out of 10): 6
Top Skills: Engineering, Project Management, Management, Manufacturing, Design
7. Program Manager
Median Base Salary: $100,000
Job Openings (YoY Growth): 4,500+ (25%)
Career Advancement Score (out of 10): 8
Top Skills: Management, Project Management, Program Management, Leadership, Training
8. Product Manager
Median Base Salary: $105,000
Job Openings (YoY Growth): 3,600+ (30%)
Career Advancement Score (out of 10): 8
Top Skills: Management, Product Management, Program Management, Marketing, Product Development
9. Data Scientist
Median Base Salary: $113,000
Job Openings (YoY Growth): 2,100+ (45%)
Career Advancement Score (out of 10): 8
Top Skills: Python, Data Analysis, Machine Learning, SQL, Statistics
10. Enterprise Account Manager
Median Base Salary: $180,000
Job Openings (YoY Growth): 800+ (74%)
Career Advancement Score (out of 10): 8
Top Skills: Sales, Management, Account Management, Solution Selling, Business Development
To view the full list of top 20 Most Promising Jobs in the U.S. head over to our Jobs blog.
The Skills Companies Need Most
We also took a look at the most in-demand skills of 2018 to help you get an idea of what companies are looking for. If any of these skills speak to your strengths, make sure to add them to your LinkedIn Profile. If you see a skill that you've had on your list to work on more or even master, be sure to carve out a bit of time to learn it.
Cloud and Distributed Computing
Statistical Analysis and Data Mining
Middleware and Integration Software
Web Architecture and Development Framework
User Interface Design
Software Revision Control Systems
Network and Information Security
Check out the full list of hard and soft skills, and associated LinkedIn Learning classes here.
Most Promising Jobs Methodology
To determine the best jobs for career opportunity, we combined data from millions of LinkedIn member profiles, job openings, and salaries. We started by grouping the millions of unique, raw job titles inputted on member profiles and job listings (which have many permutations) based on common job roles. For example, the "Product Manager" job role reflects both members who list an active position as "Product Manager - Retail," as well as any job openings with the title "Product Manager, III."
We then ranked each job using a weighted score based on five components: salary, career advancement, number of job openings in the U.S., year-over-year growth in job openings, and widespread regional availability. The results represent jobs that had the highest combined score across these five areas.
About the measures and weights for each component:
Salary (30%) - The median base annual salary for all job roles that have at least 40 entries collected in LinkedIn Salary in the U.S.
Career advancement score (25%) - Job roles most likely to lead to a promotion or internal transfer, based on the percentage of members employed at the end of 2016 who then started a new position at the same company during 2017.
Job openings (20%) - The raw number of current job openings for each job role.
Job openings YoY growth (15%) - The year-over-year growth in job postings for each job role from 2016 to 2017, based on the percentage change in average daily openings. We only considered roles that had growth YoY.
Regional availability (10%) - The number of regions in the U.S. currently hiring for each job role.
Top Hard Skills Methodology
There are thousands of skills that members can add to their profiles, so we grouped these skills into several dozen categories. For example, skills like "Android" and "iOS" would fit into the "Mobile Development" category. Then we looked at all of the hiring and recruiting activity that happened on LinkedIn between Jan. 1 and Sept. 1, equaling billions of data points, and identified the skill categories that belonged to members who were more likely to start a new role within a company and receive interest from companies. Skill categories that did not meet a specific threshold for membership were excluded from our analysis.
Source : https://www.techgig.com/tech-news/TOP-10-Highest-Paying-Tech-Jobs-In-2018-152855
Why Google awards Rs 71 lakh to this developer ? - Jan 2018 latest updateThe search engine giant, Google has rewarded $112,500 (Rs 71.83 lakh) to a developer for reporting a serious Android bug. This is the highest reward offered by the Google in its history.
An exploit chain reported by the security researcher could compromise the security of Google's Pixel devices. Guang Gong of Alpha Team from Qihoo 360 Technology Co Ltd submitted the first working prototype of the exploit in August 2017. Google offered an immediate reward of $105,000 (Rs 67.04 lakh) for the detailed report and an additional $7500 (Rs 4.78 lakh) by Chrome Rewards program, making it to the total of $112,500 (Rs 71.83 lakh).
Guang Gong discovered a remote exploit chain in Pixel phone along with his Alpha Team from Qihoo 360 Technology Co Ltd. Since the Pixel Phone is protected by layers of security, Gong was surprised with this discovery. Pixel is probably the only device that was pwned in 2017 Mobile Pwn2Own competition.
Google acknowledged the exploit chain and codenamed them as, CVE02917-5116 and CVE-2017-14904. The first identified vulnerability is a V8 engine type confusion bug. It can further lead to remote code execution in sandboxed Chrome render process environments.
The second flaw is identified in Android's libgralloc module. The flaw can be used to escape from Chrome's sandbox. The map and unmap mismatch lead to the execution of this bug. If both the vulnerabilities are combined, an attacker can remotely inject a malicious code into a targeted Pixel phone. The injected code in the system_server process executes when a malicious URL is launched in the Chrome browser.
If the targeted users open the URL, their devices can be compromised. A remote attacker can hijack the data and even use the device's hardware for surveillance. This is a major vulnerability and probably first working remote exploit chain submitted through Android Security Rewards (ASR) program till the date.
The company has patched the bugs in December's security update. The monthly update patches a total of 42 bugs. All Pixel users and partner devices will automatically install these updates. The user has to restart to complete the installation of these bug patches.
Google has increased the bug bounty payouts for its Android Security Rewards (ASR) program. The company has worked closely with the researchers to streamline the process recently. The developers and security researchers from around the world can submit their findings of Android exploits, vulnerabilities under Android Security Rewards (ASR) program.
- Rajat Kabade
Source : https://www.techgig.com/tech-news/Why-Google-awards-Rs-71-lakh-to-this-developer-152853
Happy Pongal everyone and not only tamil people and farmers.
January 2018 Latest Postpaid and Prepaid plans - Jio vs Airtel vs VodafoneAirtel vs Reliance Jio vs Vodafone: With the advent of the new year, Reliance Jio has come up with 100 per cent cashback in its new Happy New Year 2018 plan. A day later, Vodafone came up with Rs 198 plan to counter Jio's Rs 199 plan. Airtel has also upped the ante by bringing in more benefits in its existing plans. Check out details here: (All plans are for pre-paid connections)
The low budget plan:
* Reliance Jio's Rs 199 plan: 33.6 GB 4G data for 28 days with a daily data limit of 1.2GB + Unlimited calls and SMS
* Vodafone's Rs 198 plan: 1GB 4G/3G data per day for 28 days + 300 unlimited* local/STD calls per day and 100 SMS per day. (The daily call limit is 300 minutes and it may vary)
* Bharti Airtel's Rs 199 plan: 1GB 4G data per day for 28 days + unlimited local/STD calls and 100 SMS per day.
The mid-budget plan
* Jio's Rs 459 plan: 1GB data per day for 84 days with unlimited calls and SMS
* Vodafone's Rs 458 plan: 1GB 4G/3G data per day for 70 days + unlimited* local/STD calls with 100 SMS per day. (The daily call limit is 300 minutes and it may vary)
* Airtel's Rs 448 plan: 1GB 4G data per day for 70 days + unlimited local/STD calls and 100 SMS per day.
The high-end plan
* Jio's Rs 799 plan: 3GB data per day for 28 days with unlimited calls and SMS
* Vodafone's Rs 859 plan: There is no Rs 799 plan in Vodafone. However, it has a Rs 859 plan in which it offers 11 GB 3G data & free Wi-Fi @ 1 GB - for 2G/3G/4G for 28 days.
* Airtel's Rs 799 plan: 3.5GB data per day for 28 days with unlimited calls (non-commercial) + 100 local/STD SMS per day
(Note: The offers described for above plans may vary. Please check with your operator before recharge)
Source : https://www.techgig.com/tech-news/Jio-vs-Airtel-vs-Voda-Latest-plans-you-may-opt-for-150616
Elon Musk accidentally shared his personal phone number with 16M followersThere's two golden rules of privacy on social media:
Don't accidentally paste a password into a public message
Don't share your phone number if you're in any sort of position of prominence
In a tweet directed to Oculus CTO John Carmack, Elon Musk today broke rule number two. The wayward tweet was quickly deleted, but many of Musk's 16.7 million Twitter followers had already taken notice.
While TNW isn't going to share the number, multiple outlets are confirming its legitimacy.
As a CNBC reporter found, Musk's ringing music was an homage to the classic PlayStation franchise "God of War." We tried it ourselves and, yep... that's Kratos.
The ringing starts with "By the Gods you've done it. Somehow you've found your way here to me. I offer you my congratulations and my respect." You can hear the monologue the ring music was referencing here.
Musk hasn't shown much public interest in VR, so it's unclear why he'd want to speak with Carmack. A simple search for the terms "VR" and "virtual reality" yielded zero results for Musk.
Maybe the duo were sharing eggnog recipes?
Source : https://www.techgig.com/tech-news/Elon-Musk-accidentally-shared-his-personal-phone-number-with-16M-followers-149088
Amazon India offers massive Rs 9000 discount on iPhone 8 and 2000 rs for battery change on iphone 6Cupertino-based tech giant, Apple has been in the media for all wrong reasons recently. To being with criticism for slowing down older iPhones and then the price hike due to GST changes in India. Amazon India, however, has sweetened the deal by offering a hefty discount of Rs 9,000 on the latest iPhone 8.
Amazon is offering Rs 9,000 off on the 64GB variant of iPhone 8. The device listed with the price of Rs 64,000 is now available for Rs 54,999 on Amazon India. Even in the previous offer, Apple had slashed the price of iPhone SE by Rs 8,000. The entry-level iPhone SE was available at just Rs 17,999. The price of iPhone SE has now been revised to Rs 18,999.
Apple's iPhone 8 features 4.7-inch widescreen Retina HD display. The display offers 1334x750 px resolution at 326 ppi. The device sports 12MP primary camera with optical image stabilization. The front-facing camera is a 7MP FaceTime HD shooter. The camera on iPhone 8 is capable of recording 4K videos. The device received a lot of hits due to slow-motion video recording in 1080p at 120 fps.
The A11 Bionic chip with 64-bit architecture is known for its performance. The device comes with two storage options, 64GB and 256GB. The iOS 11 is calibrated for performance on the iPhone 8. With the Rs 9000 discount, iPhone 8 is a great purchase. As far as the slower iPhones are concerned, the company is replacing the battery at lower charges for iPhone 6 and later. The battery replacement is now offered at Rs 2000 exclusive of taxes.
- Rajat Kabade
Source : https://www.techgig.com/tech-news/Amazon-offers-massive-Rs-9000-discount-on-iPhone-8-150489