Blog

n the next century, we could move to Mars and colonize it, and I wonder what form of currency we would be using. Mars is an entirely new entity, and separate from the world economy, so world currencies like the Japanese Yen or the US dollar will simply not cut it.

believe that the biggest economic crash of all time will happen latest 2023. It’s starting earlier than I expected. It is about the sick policy of the central banks worldwide, and the problem of our monetary system. You’ve got the fiat monetary systems, every bank and every central bank is creating money out of thin air.

There were two government committees that were formed to decide on what to do with cryptocurrency. The first committee was for regulation, that's why they suggested a crypto asset bill. The second committee said "just ban it all", and in fact the proposed legislation was called “Banning of Cryptocurrency Act”

Lightning Network is a technology layer for Bitcoin and Liquid. It allows people to do a settlement process (transaction) nearly instantly and that for nearly 0 fees. In other words, if I opened a Lightning channel to you, we would both put in money.

People call it hacks, but most of the time it is poor security leading to hackers stealing money from exchanges. So the word “hack” actually describes what happened. Anytime money is stolen from someone and it is transferred, people call it a “hack”. But it doesn't necessarily mean that Bitcoin or a blockchain is hacked.

ConsenSys was found in 2014 by Joseph Lubin only a few months after the foundation of Ethereum. Today, it is the world’s largest blockchain technology company for enterprises and governments. While Ethereum is managed by the Ethereum foundation, Joseph Lubin who is one of the co-founders of Ethereum, started ConsenSys with the mission to build the tools and develop the ecosystem of Ethereum.

Malaysia has taken a quite a proactive role in drafting crypto regulation. The government has given out 3 licenses to 3 exchanges so far, one of them called Luno Malaysia Sdn Bhd has started operating, while the 2 other exchanges, SINEGY Technologies (M) Sdn Bhd and Tokenize Technology (M) Sdn Bhd, are still pending final approval. I think that in terms of associations, there are multiple association, but they are not the kind of self-regulatory bodies like it is in Japan.

The Maltese government embraced the blockchain technology before other countries. It also embraced the decentralization aspect of blockchain. I would say that we were one of the first countries not only to embrace it but also to add specific legislation on it as well. Here, we are referring to blockchain and not crypto.

I don’t think that any lawyer in India is a crypto specialist. I was approached to lead the case in the Supreme Court by a lawyer called Jaideep Reddy from a law firm called Nishith Desai Associates. He knew that I specialize in Supreme Court cases, and also that I had interest in technology related work.

There was no ban on cryptocurrency in India. What happened was, in 2013 there were circulars issued by the Reserve bank of India (“RBI”), which is the Indian central bank, that cautioned people about dabbling in cryptocurrency. The circulars moved from its usage of cryptocurrency to virtual currencies sometime in 2017.

We wanted to explain some of the volatility of the market. We were able to explain some of what was happening with our tracking system. For instance, back in 2017 some of the really large drops corresponded with large Mt. Gox transfers that we tracked. We noticed that the price dropped right after these kinds of big transfers.

Any coin or token could potentially be used for fraud. However, the principle here is “ the more utilized the coin, the higher the risk” for it being used for cyber fraud activities. We can see that with an incident that Ethereum had not so long ago, about 4 million dollars were lost due to illicit activity.

We do believe that ATM numbers will continue to grow over the years. At the moment, the cryptocurrency world is still very isolated and there is no circular economy; this means that users who own cryptocurrency need to exchange it first to fiat in order to make everyday transactions.

Mining is a very important part of Bitcoin. The idea of mining is that it is extremely costly to change the history of the ledgers. Due to that all miners and Bitcoin are anonymous, you don’t have to register with the network. All you have to do is to run something that is capable of doing computations. There are many fractures that solves these equipment in many mining farms across the world.

I would not say that we are a “Blockchain Island” like many people say, but I would rather say that we are an “Innovation Hub”. This attribute of being a Blockchain Island arose and stuck because we were one of the first countries to tap into this new ecosystem, whereas other countries were being more restrictive or decided to ban it.

I am Bobby Ong, and I am the co-founder of CoinGecko. CoinGecko is a cryptocurrency data aggregator. We track over 6500 tokens from over 400 foreign exchanges. We are one of the largest leading crypto data aggregators in the world. Besides tracking prices, market cap, and trading volume, we also track the social media and development stats for all coins.

I think the way the market was, it was disaster waiting for it to happen. The existence of the Mt. Gox fund should have been calculated into the price but most of the people didn't know. I’m not sure if they could have known and we didn't see it coming either. If Whale Alert had been available and tracked that big Mt. Gox transfer, more people would have been informed about what was happening and why it was happening, and this could have saved them a lot of money.

Coin ATM Radar is a service for both website and mobile apps, to make easier searching for places to exchange cryptocurrency for cash and vice versa. We concentrate only on listing services that use cash on one side of the exchange transactions.

We don’t just build a big data platform. We have to have the engines needed to figure out the algorithm in order to process the data in a very accurate and efficient way. It does require a lot of data from a lot of data sources. When you start to take in and adjust that amount of data and try to get some perspective of, it becomes a challenge. Every week CipherTrace is taking in 1.5 to 2 million data points, and this has been going on for the past 5 and half years. The data is still accumulating and piling up as we are talking now. The data will continue to compile, so you really get an idea of how much there is to process.

We were on the outlook for original illustrations of the parent creator of Bitcoin “Satoshi Nakamoto” on Twitter it being our theme for our 1st Crypto Illustration Contest. On this occasion, after an impartial examination, we will now announce the selected 4 illustration candidates. As mentioned before, the following 4 items are prerequisite.