Nicholas is currently a trainee advocate & solicitor with Messrs Lai Mun Onn & Co in Singapore. A graduate of the University of Manchester and BPP Law School, he is also effectively bilingual in English and Chinese. Nicholas has long maintained a keen interest in blockchain technologies and cryptocurrencies, with particular emphasis on their potential for logistics and supply-chain management.
Bitcoin made waves when it reached an all-time price high in December last year. In comparison, its transaction fees went under the mainstream media’s radar. We analyse why the transaction fees were so high then - and why they are so low now.
There has been much confusion over the classification of cryptocurrencies for regulation as well as consumer protection.
Too many people have lost too much money in exchange hacks and collapses - to say nothing of Initial Coin Offerings that eventually turned out to be scams.
By treating cryptocurrencies like stocks and cryptocurrencies like stock exchanges, it was initially intended to address this lacuna in the financial world. Would that have worked - and should that even have been contemplated, to begin with?
Bitcoin is the first and the oldest of the cryptocurrencies. It has already been a decade since its inception, but no other cryptocurrency has come close to toppling it from its dominant position. In this piece, we examine how – and why Bitcoin has continued to remain so strong.
There have been consistent attempts to hack into cryptocurrency exchanges around the world. Mt. Gox has been the most infamous example to date, and its collapse both ended as well as defined an era of cryptocurrency trading. Following on from its example, should exchanges be regulated to create safer trading conditions for the protection of traders?
Money laundering schemes and other financial crimes may have turned public opinion against cryptocurrencies. Initially heralded as a decentralised future, cryptocurrency’s anonymity features are now being looked at in a different light. What will this mean for privacy coins, which completely hide everything from prying eyes?
Nearly a decade has passed since the first Bitcoin was mined, and in that span of time, it has been joined by over 1,600 other cryptocurrencies. Dubbed “altcoins” as a portmanteau of “alternative” and “coin”, these other cryptocurrencies were largely created in an attempt to emulate Bitcoin’s success. Nevertheless, the venerable cryptocurrency has yet to be displaced from its first-mover advantage and continues to be a staple purchase for newcomers to the scene.
Cryptocurrencies have apparently acquired a reputation as the preferred currency of choice for discerning criminals looking to avoid the prying eyes of authorities around the world. How did that reputation come to be acquired – and to what extent is it deserved?
To the rest of the world, it appears as though the Chinese government has totally stamped out the mining and trading of cryptocurrencies within the country. Why it has done so is still subject to speculation, but one thing is clear – China has yet to abandon cryptocurrencies entirely.