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.
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.
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.
No they’re not lining up for a Justin Timberlake concert, this is Venezuela, where to get a loaf of bread is to endure hours of a special kind of humid hell. This is what rampant inflation looks like.