Patrick Tan - Page #38

Patrick Tan Crypto Expert

Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company.

How to Spot the Next Cryptocurrency Wave

Ten years after the weekend that brought the global financial system to its knees, the most important lessons lie not in what has changed (very little that is not cosmetic), but in what hasn’t changed. The main causes of the last financial crisis, self-delusion and irrational exuberance, will likely be the cause of the next one as well. The same economic conditions and policies which drove Satoshi Nakamoto to write the Bitcoin whitepaper and mine the first Bitcoin genesis block still prevail.

Written by: Patrick Tan
12/11/2018
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Buying into Cryptocurrencies — Investing or Gambling?

Let me make it clear in no uncertain terms that cryptocurrency investments remain highly speculative. They do not have a track record beyond the tip of one’s nose and their use cases as well as the decentralized applications that are being built upon them continue to remain uncertain. That having been said, they also represent the greatest potential and possibility for technological revolution this side of the invention of the internet and no, Al Gore did not invent the internet. But just like the internet, cryptocurrencies have also gone through their boom and bust cycle and in this piece, I will examine why when it comes to investing for the future, investors, if they can even be called that, become gamblers in a seemingly never ending race to the peaks of euphoria and the seemingly bottomless fall to the depths of despair.

Written by: Patrick Tan
11/11/2018
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We Need to Give Cryptocurrencies More Time

The theory is attractive in its elegance and simplicity and is the clarion call of motivational-speaking gurus the world over,

Written by: Patrick Tan
11/11/2018
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Algorithmic Quant Funds Are Coming for your Cryptocurrencies

Quantitative hedge funds, computer-powered, emotionless and systematic investing has been the flavor for some time. By actively avoiding human, it was believed that quantitative strategies would also dodge Scylla of greed and the Charybdis of fear. As far as we know, algorithms are emotionless.

Written by: Patrick Tan
09/11/2018
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Audit Firms Couldn’t Audit the Financial Crisis, How Could They Audit Tether?

Let me begin by saying unequivocally that I have no opinion behind the veracity of Tether’s claims about it’s dollar-backed stablecoins. I do not work for Tether nor am I affiliated with any organization which has any commercial or any other form of dealings with Tether. Legal disclaimer out of the way, I just wanted to go at some length about audit firms, their role in the last financial crisis and their inadequacy in performing their core function and why we expect far more from them than they are likely capable of delivering — especially when it comes to something as advanced as cryptocurrencies.