Thanh Dao

CTO Nexty Platform

What do you think about the situation with the Canadian cryptocurrency exchange QuadrigaCX after CEO Gerald Cotten’s death?

There is some rumor that their cold wallet had been spent before CEO’s death. Technically, on the users’ position, we can check where our assets are going. Be well prepared if we found any suspicious transactions outgoing from such wallets to decide to or not to use such exchanges.

Marco Mengele

Founder Equality | CEO CryptoTradingFund | CHRO Patron | Advisor Mobiuz | Advisor Nauticus

How do you think the legalization of cryptocurrency in India can affect the market?

There is no clear answer whether or not the legalization will really take place but the odds are way better than in March 2017 and since India is the second biggest source of investing relations it could help a big country with a massive amount of unbanked people to achieve their rights to become financially independent. I think the day this legalization will really take place there will be some big steps forward in the whole crypto industry.

What do you think about the situation with the Canadian cryptocurrency exchange QuadrigaCX after CEO Gerald Cotten’s death?

It’s a big loss for the industry as he was on his way to a great future and fortune at his young age. But that aside it’s also bad news for people in crypto worldwide. Regular media uses this kind of information to condemn cryptocurrencies as a whole. The reasons are easy to understand if the private key is lost the money is also lost. But for banks and exchanges, there should always be a second layer of trust in some kind as they are just dealing with their individual money but also with the money of thousands of traders. This calls for more preparations in the future only one man holding access to all the data and money is not the purpose of crypto. And problems like this could easily be dealt with for example with an engraved metal plate or just a piece of paper with the private key on it in a high-security safe would do the job for companies like this.

Emmanuel Adams

Founder/president of AfroDex Labs

How do you think the legalization of cryptocurrency in India can affect the market?

Will grow the economy of India… People need a means of payment across border and internal that is very fast and also the level of technology, especially fintech in India will grow making India a silicon valley of the Asian province.

What do you think about the situation with the Canadian cryptocurrency exchange QuadrigaCX after CEO Gerald Cotten’s death?

Centralized exchanges have always been a thorn in the flesh for blockchain…

How do we put our trustless, decentralized asset into the hands of a single centralized entity?

Then it is better we use banks and other centralized institutions like before.

I for one advice people … If you will use centralized institutions in the blockchain world, be very minimal in your dealings.

Eugene Loza

Founder of EXCAVO , Independent financial analyst, Trader, Investor, Teacher, Advisor

How do you think the legalization of cryptocurrency in India can affect the market?

Blockchain is a technology, Reliability of the implementation is related to the design of the implementation itself. It is like if someones asks: “Does database technology provides data search reliably?”. Yes, but it all depends on the way the database is structures, queries are run, and all the software around it is coded. The same thing applies for blockchain technology implementations. Surely a blockchain that offers immutable data entry is a great tool for copyrights management.

What do you think about the situation with the Canadian cryptocurrency exchange QuadrigaCX after CEO Gerald Cotten’s death?

I cast a look at the situation. Should say that I didn’t know Mr. Cotten personally and have never used QuadrigaCX exchange. But as far as I know, they had heavy debts they wanted to cover by trading. Well, their nightmare came true: trading ended fatally, according to some reports they were trading on Bitmex. They were punished by the market. They could not admit this, therefore the case has many incomprehensible details. Come to think of it, this situation shows once again how money takes possession of people. And how dangerous it could be for them and for people who entrusted their money to them. So it’s better to learn from the mistakes of others than your own, although who does that? Anything can change, but human psychology, especially in the financial markets.