Skip to content Skip to sidebar Skip to footer

Indian Government Programs Add New Crypto Courses

The Indian government has added new educational courses teaching cryptocurrency and blockchain technology to the public and law enforcement officers. Amid regulatory uncertainty and banking restrictions, cryptocurrency and blockchain technology remain important topics of study in India.

Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed

New Course on Crypto and Blockchain

A new course entitled “Introduction to Blockchain Technology and Applications” has been added to Swayam, a learning platform initiated by the Indian government’s Ministry of Human Resource Development. This eight–week, AICTE-approved course for undergraduates is scheduled to run from Feb. 24 to April 17, 2020, with the exam date set for April 25. The course is taught by professor Sandeep Shukla of the Indian Institute of Technology (ITT) Kanpur.

Indian Government Programs Add New Crypto Courses
ITT Kanpur Professor Sandeep Shukla

Students will learn the basics of blockchain technology and cryptographic concepts, including hashing and public key cryptosystems. The course will also go over private vs. public blockchains and their use cases, the Bitcoin blockchain specifically, how to mine it, and bitcoin’s use in micropayments. Ethereum, smart contracts, IOTA, mining consensus, Hyperledger, and Corda will also be covered.

“The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centers. The exam is optional for a fee of Rs 1000/- (rupees one thousand only),” its information page on Swayam details.

Indian Government Programs Add New Crypto Courses

Swayam previously offered a course on the subject of cryptocurrency and blockchain technology entitled “Blockchain Architecture Design and Use Cases” which ran from July 29 to Oct. 18, as news.Bitcoin.com previously reported. In January next year, the platform will also offer another course called “Cryptography and Network Security” which briefly touches on the subject of bitcoin and cryptocurrency.

Police Officers Also Get New Course

Meanwhile, a new course has been introduced by Sardar Vallabhbhai Patel National Police Academy to educate high ranking officers on cryptocurrency. The five-day course entitled “Advance Course on Cyber Crime, Dark Web & Investigation of Cryptocurrencies” is scheduled to take place on Dec. 16-20. The course is for the Indian Police Service (IPS) officers of the rank of Additional Superintendent of Police to Inspector General of Police. It replaces the previously planned two-day course entitled “Investigation of Cases Involving Cryptocurrencies” which was supposed to take place in September but was canceled. The academy explained that “Due to administrative reasons, this course is now merged with a 5 day course on ‘Advance Cyber Crime investigation’ scheduled to be held from 16th to 20th December 2019.”

Among the new course’s objectives are the introduction to “various kinds of cryptocurrencies that are available on the internet,” the “working of the blockchain technology,” and “The legal challenges that are faced by various officers in investigating a crime involving cryptocurrencies and digital wallets.” Another two-day course on “Dark Web & Cryptocurrency” is planned for February next year.

Indian Government Programs Add New Crypto Courses
A course at Sardar Vallabhbhai Patel National Police Academy.

The academy trains IPS officers “who have been selected through an All India based Civil Services Examination,” the institute’s website describes. The IPS cadre is controlled by the Home Ministry of the Government of India and officers of this service can only be appointed and removed by an order of the President of India. “The trained officers will be posted as Assistant Superintendent of Police (ASP) in their respective states under whom the other sub-ranks of [the] police force will be working.”

Earlier this year, a national cyber forensic lab was set up for cryptocurrency to help law enforcement officers as a number of high-profile crimes involving digital coins have emerged. This week, the country’s Central Bureau of Investigation (CBI) booked its own officer for extorting money from a businessman in a crypto-related case.

What do you think of the crypto courses for the public and the police? Let us know in the comments section below.


Images courtesy of Shutterstock and the Indian government.


Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




Kevin Helms , 2019-11-14 13:00:01 ,

Source link

Leave a comment

NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

Source link