The Magic of Digital Assets

We have come a long way. From the officious banks and their bureaucratic high handedness to an almost anonymous system, part of a decentralized mechanism, transferring tokens between peers at lightning speed and no extra cost. We have indeed come a long way.

So what are Digital Assets?

Types of digital assets include, but are not exclusive to photography, logos, illustrations, animations, audiovisual media, presentations, spreadsheets, word documents, electronic mails, websites, and a multitude of other digital formats and their respective metadata.

Due to its lack of form and shape, digital assets become a hard target to manipulate.

Is cryptocurrency a digital asset?

Cryptocurrencies are digital assets designed to facilitate peer-to-peer financial transactions and smart contracts on the internet in a decentralized manner. This was first accomplished by solving the “double-spend” problem and by using advanced cryptography and programming.

Cryptocurrencies record transactions on public ledgers known as “blockchains” and are the first form of digital money where an intermediary is not required to send funds from one person to another person.

Cryptocurrencies do not have a physical location; wallets do not hold cryptocurrencies. Wallets only hold the cryptographic keys needed to access one’s cryptocurrencies on the relevant blockchain.

Cryptocurrencies do not actually “move” anywhere when you send or receive them. They just change ownership on the respective blockchain, which is stored on nodes all over the world and secured using cryptography. Anyone with the right resources can set up and run a node.

Due to blockchains being public, cryptocurrencies are only pseudo-anonymous. A common goal for many cryptocurrencies is to improve privacy for users, though only some cryptocurrencies make this their main focus.

The rise of Bitcoin has spawned an entire universe of cryptocurrencies. What started as a simple peer to peer transaction has now transformed online trading. From a secured digital wallet to platforms that allow newer tokens to be created, the ubiquitous crypto is now a full-fledged workhorse.

Moreover, with Digital assets becoming a large part of the monetized inventory of most organizations, cryptocurrency being a purely digital asset itself, has finally found its place on the Sun.

However, one should not confuse between crypto-assets and cryptocurrencies because not all crypto assets are cryptocurrencies but all cryptocurrencies are definitely crypto assets.

The slow and steady march of technology has ensured that change is the only constant. Without it, redundancy will set in.

Cryptocurrency and the International Law

We live in a globalized village where economies are open enough to embrace changes. Every country is connected to another in some way or another.  Our fascination stems from the interest we have on cryptocurrencies and how it has the potential to turn mere cities to the citadel of tomorrow.

In the present era, nations are opening up their doors for other nations. Economic transactions are being global. This is the reason that there is a development of international trade law. International trade law is a set of rules and regulations that provide a manner to do international trade. As the name implies people of more than one nation involves in international trade, the same is a required to be controlled by law. On the other side, the world is being cashless and is developing the focus towards being digital. Cryptocurrency is one of the examples of such digital activity. It is a digital asset that people use as a medium of exchange. Such currency uses strong and high cryptography in order to secure financial transactions, verify the transfer of assets and control the issue of creation of additional units. In the presented research papers, research will be done on various aspects related to cryptocurrency and international trade law including the impact of subjective currency on international trade law.

International laws are primarily meant to safeguard individual nations from falling prey to malpractice. It covers a vast spectrum of subjects ranging from shipping to double taxation. With the financial horizon changing with the advent of cryptocurrency, international laws to have widened their horizon to include it as a subject. This is even more pertinent because cryptocurrency transfers do happen across borders.

Before discussing the impact of cryptocurrency on international trade law, first to discuss the relation of cryptocurrency with international trade. People often use this currency in international trade because of different exchange rates. Such currency brings a loss of benefits to those who are into cross-border transactions. The other reason behind the use of cryptocurrency is the security offered by the same. Transactions using cryptocurrency are almost free from the charges of tax. In addition to this all, the transaction remains properly recorder for all future references. However, this would not be right to state that the use of cryptocurrency only has positive impacts on international trades. Cryptocurrency is not valid in all the countries and hence the same cannot be used in every transaction.

Cryptocurrency tutorials

To the enthusiast who wishes to understand the nitty-gritty of cryptocurrency trading, there is a wealth of information available in the virtual world. That is not to say that offline resources aren’t available. There are plenty. So the idea is to focus on the core subjects, master them and then move on to the next topic.

Cryptocurrency is a vast subject. Each token brings with itself a unique feature that needs in-depth understanding. And not just cryptocurrency but the premise on which it stands: blockchain. It can become limiting if the basic building block is not understood properly.

One of the best (and worst) things about bitcoin, blockchain, and cryptocurrencies is just how new the technology and its practical implementations are. Even though there have been many early adopters, the ecosystem as a whole involves a lot of learning, especially for those looking to come up to speed.

Let’s quickly look at some of the resources available:

DFIN 511: Introduction to Digital Currencies (Offered By UNIC)

This free online course is taught by Andreas Antonopoulos (author of Mastering Bitcoin) and Antonis Polemitis and it represents the first course in the MSc in Digital Currency offered by UNIC. The course places bitcoin and cryptocurrencies in the broader framework of the history of money, before talking about the practical implementation of bitcoin, other cryptocurrencies, and the evolving relationship between digital currencies and financial institutions, as well as the broader world.

Coinbase Learn

This simple set of interactive flashcards is a great resource for those who want to cover the basics of cryptocurrencies, from buying and selling to mining in a short amount of time. Other than a slight advertisement of Coinbase as safe and regulated, the mini-course remains an objective resource that covers a lot of ground in a surprisingly intuitive and short fashion. A great resource to share with absolute beginners who have little time on their hands and want to get up to speed fast.

Coursera (Bitcoin and Cryptocurrency Technologies) Offered By Princeton University

This free Coursera course introduces basic cryptography concepts and then links them to the basics of Bitcoin. Through videos, the course lecturer explains how decentralization is implemented in practice, how Bitcoin mining works, and how Bitcoins are stored. A short explanation is then given to altcoins and the future of the space.

This is by no means an exhaustive list. Just dive into this vast ocean and start swimming.

The Tone Vays Indicator: A review

The Tone Vays Indicator is one of the most respected daily trackers in the cryptocurrency community.

This custom-built Indicator Script is programmed for and designed to be used inside the Trading View platform. If you do not have a Trading View account, please create an account It is a free account. It can be applied to multiple asset classes such as Equities, Bonds, Commodities, and Cryptocurrencies (Bitcoin and many other altcoins). This indicator can be utilized on any timeframe and can also be applied to custom created candlestick sessions and in various time zones throughout the world. This makes it one of the most versatile indicators in the market, currently.

The Tone Vay is inspired by the world-renown TD Indicator & Sequential System from the early 1990s and consequently improved upon. This Sequential Indicator was originally conceived in the 1970s, by hand, through a tedious process of trial and error. Tone’s TI Indicator is remarkably accurate with defining the trend and identifying choke points. One of the many differences in this version is the elimination of the “Price Flip” being a necessary condition to start a “Setup.”

This was originally created to analyze daily price data. More than 30 years later, from one minute to one year, this indicator can be applied on any timeframe and can also be applied to multiple asset classes. Since the majority of people are followers of a trend, it’s hardly surprising that “the trend is your friend” is one of the most widely quoted.  While it may seem counterintuitive, given that most people do follow trends, this indicator attempts to isolate prospective choke points in ranges, to anticipate market highs and lows when it believes prices are overbought or oversold and during trends when sentiment is invariably at an extreme.

Even for those who are not interested in the technicals, Tone’s TI Indicator can be helpful for market timing purposes, as an adjunct to your existing arsenal of trading tools. Traders oriented to fundamentals find this helpful to determine take-profit levels when they would otherwise be depending on a less-efficient price-reversal pattern to close out a profitable position. Tone’s TI Indicator also highlights, at the time the signal is generated, points where one should refrain from establishing or adding to an existing position in the direction of the underlying trend. Once conversant with the methodology, you can also use the TI Indicator to fade trends.

The Blockchain whispers

One of the best ways to accurately predict the path of cryptocurrencies is by putting the ear to the ground and hear the rumblings on the ground.  The blockchain whispers are the veritable treasure if information every investor would want to be a part of.  Well, the crux of the matter is to be able to analyze the long and short term effects of BTC. The whispers are an ideal channel to gauge the proceedings. Bull runs have been predicted through Blockchain whispers. When Bitcoin touched $20000, it was the whispers which turned into a cacophonous cauldron signaling the same. The same happened during the crash.

Why is it important?

Like the share market, where stocks are analyzed for their long term prospects and short term gains, the cryptocurrency market needs close scrutiny. It is also pertinent to remember that the cryptocurrency market is an extremely volatile one. It becomes impressive then to keep a close watch over it. This is also a reason why many are wary of investing in tokens. However, the fear can be allayed if a closer ear is put for the whispers. Bitfinex and Bitmex are some of the trackers which oversee the daily progress of Bitcoin. An important question that then arises is why is Bitcoin given so much importance.

There are a few reasons for this:

Bitcoin was the first crypto that appeared on the horizon. This was the token that transformed how banking transactions could be done. Based on the blockchain technology, the entire idea of a digital asset running on decentralized systems for peer to peer operations seemed to be the tech of the future. With lightning-fast processes, secured networks and almost free of cost, Bitcoin hit the jackpot. With it becoming the most traded coin, Bitcoin cornered more than 50% of the entire market cap of all the other cryptocurrencies put together. Out of $170 billion, Bitcoin accounts for almost $94 billion. That makes it the mammoth in the group, overshadowing the Altcoins. Hence, anything happening to Bitcoin has a direct impact on the others. It is only when it stabilizes do investors breathe a sigh of relief. Blockchain whispers are predominantly those which provide information on Bitcoin. However, with the rise of Ethereum (ETH) and Ripple and the Altcoins, the whispers do provide a fair share of information about them too. In the world of long and short, it’s the whisper which is the loudest.

The price of a Cardano

To the uninitiated, Cardano is way more than just a cryptocurrency. The Cardano project encompasses most aspect of a financial prism. It is a decentralised public blockchain project which is fully open source.

But the journey hasn’t stopped there. The Cardano project is building a smart contract platform which will provide more advanced financial solutions to its users.

Cardano claims to be the first platform which was borne out of scientific philosophy. Its evolution has been directly influenced by research and it is confident that it’s a team of engineers and technologists will be able to create a sustainable platform that would be not just disruptive but a game-changer, too.

To think of it, the beginning started with a deconstruction. And it was nothing but the very premise of cryptocurrency. Once that was done, Ouroboros, the ground-breaking proof of concept algorithm was incorporated. Cardano then went through a session of experimentation and was built ground up.

This unique collaborative effort steadily created the most precisely engineered cryptocurrency yet, a product that brings together such myriad disciplines as distributed systems, mechanism design and cryptography. The result of all this is the first cryptocurrency to be based on the Haskell code, an industrial-strength product that delivers the resilience necessary for mission-critical systems, in this case securing investment.

The protocol of Cardano is multi-layered. This was primarily constructed to let it perform advanced functions. At its a foundation, it has a settlement layer linked to the control layer. The responsibilities of these two layers are different. The settlement layer will have a unit of the account while the control layer will run smart contracts. The control layer is programmed to identify identity,  assist in compliance and is necessary, blacklist.

The entire protocol is designed to facilitate the safety of privacy of users also keeping in mind the regulatory needs. It has been said that no cryptocurrency or a decentralized system has had such a nuanced approach towards building a system as sophisticated as the one built for Cardano.

However, the amazement doesn’t stop here. Cardano, in spite of being solidly built, is Scalable. Every new advancement can be incorporated as and when it gets created. The basic principle behind the creation of Cardano was evolution and evolve it will.

Currently, open-source and patent-free, the spirit of collaboration is another feather in the proverbial hat.

The price of Cardano is indeed a celebratory one.

Bitcoin and the lapel pin

So here it is, for the crypto aficionado, the exclusive Bitcoin lapel pin. Pin it on the chest of your blazer and be a part of a gargantuan community who swears by the legendary cryptocurrency.

Bitcoin transformed the financial landscape, forever. Based on blockchain technology, it provided it’s users with a radical method of transaction and gave all of us a sneak perk in how the future might look like.

The lapel pin is a sort of a thank you to Bitcoin for being what it is. A totem for keeps. So pin it up and jazz up your appearance. A Bitcoin conference or a meet is coming up. Here is your chance to show the world your love for the cryptocurrency.

It is a beautifully carved pin that we bound to move heads. I am sure Bitcoin enthusiasts will respond quite favourably to the kapel pinned to your blazer chest.

The Bitcoin pin is made out of an industry-grade plated nickel, making it highly durable, with soft enamel colours giving it an attractive and stylish look.

The specifications are:

  • Diameter = 30mm/1.18in
  • Thickness = 1.5mm/0.06in
  • Weight = 8.9 g/0.32oz

The look and feel of the Bitcoin lapel pin is something you have never seen before. Stand out from the crowd with this original and colourful design.

So what makes the Bitcoin lapel pin so attractive:

It is made of durable material with big lettering and colourful design that is sure to make the owner stand out in a crowd.

Comes in Just the right size. Other lapel pins are often too small. Do not fall for cheap lapel pins that are made from frail materials which do not last and are made so small that no one is able to notice the design. The original industry-grade lapel pin is made to last forever.

Most Bitcoin lapel pins come with industry-guaranty. That would mean it can be returned anytime and with a full refund.

They also come in various shapes and sizes. There are a lot of designs that are sold online and they are pretty affordable. A high-grade bitcoin lapel pin should not set you back by more than $10.

Also, the materials are so rugged that they last a lifetime. If not, you always have the opportunity to return it. Anytime. Almost every online retailer allows it.

So buy one now and become a part of history.

Cryptocurrency for Dummies

We know how currency works. A physical currency. Something which you can hold and feel. You exchange that for goods, of that particular value. If you extra currency, you store it in the bank. So you go the financial institution, stand in a line and when your time comes to meet the teller, you hand over the currency or the set of currencies to him or her. The teller will go ahead and deposit it in your bank account. Job well done. Some transactions are made online where currencies are transferred directly to your bank account. When you wish to take them out, you will either visit a bank or the nearest ATM.

Now, ponder for a moment. The common thread running through the above scenario is the physical currency. And we take it out. Transform the currencies into digital cash. And instead of a physical bank account, all you get is a Public Key and  Private Key. A public key to make a transaction to another individual and private key to access your own wallet or account.

Welcome to the world of Cryptocurrency. The name suggests that this is a digital currency that is encrypted.

So how is this different from the conventional currency that we use.

For starters, we cannot feel it. It is based in the digital medium and operates through the internet.

Secondly, and one of the prime reasons why cryptocurrencies are popular, is the absence of a bank or a financial authority. The transactions take place between two individuals sans any authoritarian oversight.

Because of the above point, there is nil unnecessary bureaucracy and hence no delay or cost for transactions.

Bookkeeping is in the form of an immutable ledger or block since I’m this idea stands on the premise of blockchain. Every transaction creates a separate block and can only be accessed by the rightful owner.

One can hedge one’s investment against future Doller fluctuations.

Is it safe?

Well like everything that is technology-based will have its downsides.

Cryptocurrencies are prone to hacking. Hot wallets, the ones linked to the internet are susceptible to the machinations of hackers. Cold wallets, those which are not linked to the world wide web are hacker-proof but have their own challenges.

If there is a crash in the system and no backup is taken then the ledger would be lost forever.

Some of the high performing cryptocurrencies are Bitcoin, Litecoin, Etherium et al

What is Bitcoin: A Cointelegraph feature

Before we start talking about Bitcoin, let us first understand what a cryptocurrency is.

As the name suggests, it is virtual cash exchanged over the internet.

So how safe is it?

It uses cryptography to secure and verify transactions as well as to control the creation of new units or in crypto parlance, mint coin, of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.

Bitcoin is a part of the cryptocurrency universe. In fact, truth be told, Bitcoin is the universe. First appearing in 2009, after Satoshi Nakamoto, created it, Bitcoin has since been spreading its wings, at a rapid pace.

It started with a valuation of less than 1 cent. Bitcoin is the first of cryptocurrencies had the novelty factor and in 2017, touched a high of $20000.

However, the euphoria did not last for long, and the second quarter if 2017, saw Bitcoin crashing, losing 75% of its valuation. It is currently being traded at a shade below $6000.

In spite, of its fall what makes Bitcoin the darling of the cryptocurrencies?

The primary reason for this being, Bitcoin covers more than 50% in the valuation of the entire cryptocurrency universe. Also, despite the crash, Bitcoin has shown a 4000% return from the time of its inception. That is an incredible carrot to be hanged in front of the ambitious investor.

However, certain precautions need to be taken whilst dealing with Bitcoin or any other cryptocurrency.

Cryptocurrencies are based on blockchain technology, which suggests that every transaction has a ledger attached to it. Also, the transactions are made through wallets. It is these wallets which become the target of hackers. These wallets, which are connected to the internet and can be easily accessed, are called hot wallets.

The cold ones are not connected to the world wide web and hence safe from any external machinations.

Some examples of cold wallets are:

Hard drive

Mobile phones

Pen drives

And the ubiquitous chit of paper.

The last option is the safest. However, for cold wallets, the responsibility absolutely lies with the owner, unlike the hot wallets which are taken care of by the exchanges itself.

Where to find Bitcoins?

Quite a few options here:

Crypto ATMs, though still at a nascent stage, the idea is catching up

Exchanges which have to government-approved

Gift cards

Bitcoin is the brightest star in the crypto constellation and would remain so for some time to come.

What is NXT?

The rise of Bitcoin and its eventual stabilising have led to a torrent of cryptocurrencies. While a new cryptocurrency is being launched almost every other month, a few have been able to make a mark.

Let us quickly look at a few new-age cryptocurrencies which have the potential to rock the boat and become big:

NXT

This is the new kid on the block. While others imitate Blockchain or modify some of its source code, the developers of NXT did the next best thing. They created an absolute independent code based on Java.

Because of its wider scope, NXT is also called Bitcoin 2.0.

Some of the features that NXT packs within are:

Marketplace

One can directly sell goods without getting hassled by middlemen. Also one can price competitively to increase sales.

Asset Exchange

One of the best features of NXT is the exchange of digital assets. They may range from bonds, reservations and even movie tickets. NXT has ensured that a user gets to find all his or her utilities under one roof.

Data Cloud

The old way of storing data on shared drives is passe. Now, one can directly store data on the decentralised NXT data cloud. So all your certificates, wills and other important stuff can go into the NXT cloud at extremely competitive rates.

Messaging

NXT developers hit the road with this feature. While making a transaction one can message too. Since the entire premise is based on the blockchain technology, it is highly encrypted. This will ensure that no one is able to peep into your communication.

With Bitcoin saturating and the Altcoins stagnating it is this kind of a sudden jolt that makes investing in this sector all the more interesting. While NXT is still in the process of improving through its NXT 2.0 Ardor program, it is certain that this kid is here to stay.

One of the biggest competition that NXT would be facing will be from LIBRA, the approved blockchain digital currency.

Libra is being backed Facebook and though nothing exists as of now, it is already looking like a great opportunity.

As a crypto investor one is excited about the rise of cryptocurrencies. However, it should be noted that investment into cryptocurrencies is unlike any conventional methods. One has to be diligent before pouring in money. Also one has to be prepared for the long haul.