Patrick Tan
CEO & General Counsel of Novum Alpha, a quantitative digital asset firm catering to accredited and institutional investors.

Stories By Patrick Tan

What Could Happen To Binance?

What happens if the world’s largest cryptocurrency exchange with around 75% of global market volume goes under?

Binance Has a Major Pegging Problem

Further investigation into Binance’s pegged-token “scheme” has revealed an alarming gap between the amount of tokens circulated on Binance’s BNB Smart Chain and the amount of actual tokens that they’re backed by.

$6.2 Billion Worth of Binance’s BNB Token “Magically” Appeared Onchain

If a blockchain is meant to keep a permanent, immutable record of transactions, shouldn’t it do so? Except that some transactions are more traceble than others, especially on BNB Chain.

Binance’s Billions Are Backed, but You’re Probably Asking the Wrong Question

The crypto industry is obsessed with figuring out if digital assets are actually backed by anything, but they should be careful what they wish for, they might actually find out.

The Next Crypto Bull Run Won’t Look Like the Last One

While history may not repeat itself, it often rhymes and if the cryptocurrency industry is to persist, then the necessary reforms will help pave the way for a more sustainable rally in the long run.

The Tether Typhoon is About to Make Landfall (Or Not)

The tango with Tether is about to come to an abrupt halt, not because Tether isn’t fully backed, that’s not the right question, but because it’s backed by the wrong sort of dollars.