CryptoCurrency Entrepreneur

Blockchain Summit India 2019 was held recently at the IIM Lucknow Noida Campus. It was a two-day summit from 22-23 February. The summit was inaugurated with welcome speeches by Suresh Prabhu (Honorable Minister of Commerce and Industry, Government of India), Nitin Seth (CEO, Incendo Inc. & Ex-COO Flipkart), Sanjay Kumar (Chief General Manager, HPCL), Kumar Gaurav (Chairman, Auxesis Group) , and Prof. Akbar Ansari (IIM Lucknow EIC). The summit is the first version of the Vision Blockchain 2030 initiative. The summit received support from the Government of India’s Department of Science & Technology and Uttar Pradesh State Government.  An overwhelming 2300 people participated in the summit. More than 80 global blockchain speakers and influencers addressed the participants in the summit. The summit not only attracted bureaucrats and representatives from various ministries but also audience from every walk of life such as entrepreneurs, policymakers, VCs, academicians,...

Technology is one of the spaces that has always been progressive with the coinage of new terms. Late 2018 has been exciting for the people closely associated with this space. MediaPost conducted a survey according to which “blockchain”, the buzzword in the crypto space topped the list of the overrated words, leaving “Artificial Intelligence” (AI) and “Programmatic” behind.   Nevertheless, it’s appalling to have the most talked word topping the list especially when 2018 was termed as the year of the blockchain. Precisely speaking, back during this time last year, almost every company looked forward to including blockchain either in their wish list or in their plan pipeline. This year, the scenario is radically different. Why not know the reason from the blockchain experts ? One reason that has been commonly heard from every blockchain leader is not a cosmic connection of course, but another c-word connection called crypto connection. So, the issue stemmed from cryptocurrency...

Gerald Cotten, the founder of a cryptocurrency exchange Quadriga CX died in India last month on December 9. Gerald Cotten had filed a will on Nov. 27, 2018, as per which all his assets will be managed by his wife, Jennifer Robertson. He created the will only 12 days before his death making his wife the executor. However, this is not the major reason for the controversies being created.   Gerald Cotten had the passwords to the wallet that had Quadriga CX  users' assets stored. The wallet had C$190 million or $145 million of Bitcoin, Litecoin, Ether and other cryptocurrencies. The password was only known by Cotten himself which means that all the cryptocurrencies in the wallet are lost as the password cannot be retrieved. Cotten owes to 115,000 registered users who have an account balance with Quadriga CX as he was the only officer and director managing the exchange wallet. Quadriga CX  owes C$190 million cryptocurrencies and C$70 million of cash to its clients....