Prime Minister of India Narendra Modi awarded a prize for a cryptocurrency price tracking application. Harshita Arora, creator of Crypto Price Tracker, received the Bal Shakti Puraskar 2020 award for innovation.
I am delighted that the very talented Harshita Arora has been conferred the Bal Shakti Puraskar 2020!
She has been focusing on a wide range of sectors. Her passion towards science, technology and human welfare are clearly visible. pic.twitter.com/DgpZaXbViQ
– Narendra Modi (@narendramodi) January 24, 2020
The Bal Shakti Puraskar Award is given by the Government of India every year “to recognize the exceptional achievements of our young people in various fields, namely innovation, social services, arts and culture, sports and courage”.
Crypto Price Tracker is a crypto portfolio management application that tracks customizable prices and alerts. It tracks the prices of over 1,000 cryptocurrencies from over 18 exchanges in 32 fiat currencies. It also offers price charts for all cryptocurrencies monitored on the last day, one week, one month, three months and one year.
CPT – Crypto portfolio management application and notification based signals
Users can create time-based alerts to get the prices of a coin as a push notification on a regular basis or at a specific time. They can also create price threshold alerts to receive notifications when the price of a particular currency drops, increases or changes by a certain percentage. The app is available in the Apple app store.
Harshita Arora developed the app at just 18 years old and launched it in the App Store in January 2018.
“My app received positive feedback from the crypto community and recorded thousands of paid downloads within the first 24 hours of launch, which made it the # 2 app in the App Store Finance category.”
Subsequently, Crypto Price Tracker was acquired by Redwood City Ventures.
The event was a surprise to the crypto community in India, as the government’s attitude was not open. The inter-ministerial committee headed by former financial secretary Subhash Chandra Garg has recommended the banning of all cryptocurrencies, except those issued by the state. Since then, Garg has resigned, but maintains a negative outlook on the future of cryptocurrencies.
The Central Bank of India (RBI) has repeatedly stated its negative position towards cryptocurrency. In April 2018, it issued a circular prohibiting regulated financial institutions from providing services to crypto companies. Currently, the Supreme Court is examining petitions against this ban.