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Tech Mahindra Announces Partnership with Samsung’s Blockchain Arm

  • Yuri Molchan
    📰 News

    Tech Mahindra, a leading Indian provider of DLT business solutions, partners with Samsung SDS, which wishes to expand into India’s market of open ledger tech


Tech Mahindra Announces Partnership with Samsung’s Blockchain Arm
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The Economic Times reports that Samsung intends to introduce its Nexledger DLT platform to India, US and Europe. Therefore, the company is building a collaboration with Tech Mahindra, an Indian business and technological giant working with enterprises, offering them ‘digital transformation’ services. The latter will assist the Korean heavyweight in entering the local DLT market and finish the development of the open ledger platform.

Samsung and its new Indian partner

Samsung SDS is the branch of the Korean technological giant that works with software and wishes to offer its open ledger platform to Indian corporate customers. It offers a big range of customizable services on DLT usage working under concrete requirements from corporate customers.

Tech Mahindra will widen the opportunities of the platform by taking part in its refining to make it suitable for the Indian market.


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Benefits for both participants

As per the head of blockchain line at Tech Mahindra, Rajesh Dhuddu, the company is happy to cooperate with Samsung SDS, seeing this as a great opportunity for his company to take DLT services in India to a much higher level.

This collaboration will also allow Tech Mahindra to find a way into the Korean market as well as the markets of other APAC countries.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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