CryptoCurrency Entrepreneur

Although half of the population of the world is available online yet only 1% or less use or own cryptocurrency. This signals that mainstream adoption of cryptocurrency is a far-off reach. Before we get into proposing the solutions, let’s take a quick look at the key factors that lead to the adoption of a ground-breaking concept of economy. These four factors play a pivotal role: accessibility, security, transparency, and human touch.  A renowned crypto enthusiast based out of India believes that the global economy can be redefined with the help of the four aforementioned factors. He is bullish that the factors will act as pillars in building a crypto-driven economy. When there is a comparison between the conventional economy and the blockchain-powered economy, the latter seems more complex. The reason behind it is complicated cryptography and intricate codes that go into it. However, many of us are unaware that the conventional finance system conceals the intricacies....

The debate has been going on for long about cryptocurrency being legalized by countries. Cryptocurrency evangelists have been of the opinion that cryptocurrency can solve numerous problems in the traditional financial industry. According to them, cryptocurrency can lead to an efficient payment system, especially for cross border transfers. Cryptocurrency can enable quick transfers saving the time, eliminate middlemen lowering the costs, and help maintain a trusted database of transactions on the blockchain network. On the other hand, several financial regulators of different countries are of the opinion that cryptocurrency can lead to financial instability as the digital coins are volatile in nature. Moreover, due to the decentralized nature of the transactions, it will be difficult to keep a check on all the financial activities to prevent any terrorism funding activity. Cryptocurrency, not involving a centralized governing authority and regulatory body, make transactions ...

The blockchain is a nascent technology in India. It is very recent that the Government of the nation and the business masterminds have started taking interest in the technology. One of the greatest reasons behind imperception was lack of relevant knowledge. If the blockchain technology is to be adopted widely by the mass of India, then blockchain-based education is a must.  A popular blockchain enthusiast from India stated, “For imparting in-depth knowledge of blockchain to the citizens, it is indispensable to have blockchain academies in India.” Not many people are aware that India houses a few academies that are dedicated to offering courses in blockchain technology. Nevertheless, the establishment of blockchain academies in the nation is a recent advancement. Every Indian blockchain expert firmly believes that the mainstream adoption of the blockchain technology is only possible with the help of more number of blockchain academies in the nation. It is due to the har...

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....

How many cryptocurrencies do we actually need? That is the key question. Since today there exist over 2000 cryptocurrencies, according to coinmarketcap data and the number only appears to be growing exponentially. This freedom implies choice. If you look at this chart from 2014, only Litecoin and Ripple from the altcoins have managed to remain in the top 10. The rest have either faded into obscurity or have become far less relevant today. The extant Crypto Winter has been the longest yet and many altcoins may not survive the ensuing bloodbath. While certain Altcoins have performed significantly better than Bitcoin when it comes to offering a return on investment. However, there are various factors to consider and if we look at some of the previous trends, some very popular altcoins from a few years ago are now entirely worthless. These are some key pointers when it comes to cryptocurrency trends that most blockchain enthusiasts and cryptocurrency evangelists must pay careful attent...