Bitcoin

A type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

History of Bitcoin – According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007. While he is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person. On 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin. top of a price rally, during which the value was growing by 5-10% daily.

August 2008

Three individuals, Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application. All three individuals deny having any connection to Satoshi Nakamoto, the alleged originator of the Bitcoin concept. The three also register the site Bitcoin.org in the same month, over on anonymousspeech.com – which allows people to buy domain names anonymously.

BitcoinBitcoin trading at over Rs 2 lakh in India as global prices cross $2,500

A surge in demand has seen a price rally in crypto-currencies worldwide, with buying led by investors in the US, China, Japan, Korea and even India. The average bitcoin price is around $2,670, about 155 per cent more than at the beginning of the year. In India, it went up to trade at Rs 2.26 lakh at the time of writing this report.
With supply lagging, the India price is at a 20 per cent premium to the global one; the South Korean market is at a 35 per cent premium, at $3,800. The US Bitstamp index is quoting at a $100 premium to the Chinese market. In India, one exchange has had to issue a cautionary note to investors; another is facing a system slowdown.
Zebpay, the largest exchange here, with a little over half a million investors, tweeted: “Bitcoin prices are very volatile now. Please use caution while investing. This is a new technology innovation on a global platform but at an early stage. Your investment should match your knowledge (about the bitcoin).”

VPP Scam – Company Registration & DIN Allotment

Image result for scamHello everyone, Trust all of you doing extremely well in your life. Today I would like to inform you about VPP scam. The VPP scam is now common for all young or new entrepreneurs.  

Story – When you registered a company or just applied for DIN and there comes a postman with VPP parcel, that seems to be sent through Ministry of Corporate Affairs (MCA), at your door steps and asks for Rs 1900 for delivering the packet as it is Value Payable Post. You in joy, that you have received the certificates from MCA after application of Company Registration in India, gives Rs 1900 to the post man and receives the packet. Now you are enthusiastically opening the packet. Bingo there is the Scam !! The VPP Scam !!

Why this is scam – This is scam because we purchased useless material and paid Rs 1900/-. We think that Ministry of Corporate Affairs (MCA) sent parcel to us and it is very important for us but truth is opposite. Its a scam. 

Various fraud companies including certain publishing houses, extract this information of such newly registered company from MCA. They send various books, journals, copy of registration certificate or may be some useless papers etc. to the newly registered addresses of new companies through VPP i.e. they instruct the Posts to get the charge while delivering the item like COD (Cash on Delivery).

When it started – As per our analysis this scam started since 2011. 

Reason – The entrepreneurs who want to get their Company/LLP registered provide all their information to the Ministry of Corporate Affairs. Now, this information gets public and all details are available to the people about the new companies being registered.

Solution 

  • Share this post on social media because your small efforts may enhance knowledge of young and new entrepreneur reading this scam.
  • Inform to your family members that you not order any parcel and not pay any amount before your confirmation. 
  • If by mistake you paid then raise a complaint against such publication house and aware to your circle about such scam. 

CS Sukhwinder Singh | 9999939069