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Exclusive Interview with Anndy Lian: The Power of Crypto Conventions

Exclusive Interview with Anndy Lian: The Power of Crypto Conventions

The world of crypto is dynamic—innovation knows no bounds and relationships often start with nothing more than a username and an avatar, the role of physical interaction cannot be overstated. Enter Anndy Lian, a seasoned intergovernmental blockchain expert, speaker, author, and investor.

Known for his ability to bridge the gap between traditional industries and the digital frontier, Lian has spent years navigating the complexities of blockchain, government policies, and crypto communities. With his unique vantage point on crypto conventions, Lian shed light on how these gatherings serve as more than just networking hubs—they are catalysts for knowledge sharing, community building, and shaping the future of the decentralized world.

In this exclusive interview, Lian walked The Shib through his experiences, offered advice for making the most of these conventions, and delved into the opportunities and challenges that lie ahead for the crypto community.

The Shib: What are the most effective strategies for networking at crypto conventions?

Lian: “Navigating the crowded halls of a crypto convention can feel overwhelming, but with the right approach, you can maximize your networking potential. Don’t be afraid to initiate conversations – a simple ‘Hi, I’m interested in your work on…’ can spark a valuable connection. Come prepared with concise, engaging talking points about your own projects or interests. Be precise and straight forward is key. Business cards are still relevant, not for me, do consider using a QR code linking to your online portfolio or LinkedIn profile for a modern touch. Remember, genuine engagement is key – focus on building relationships rather than just collecting contacts.”

The Shib: Success Stories, Can you share examples of successful connections made at crypto conferences?

Lian: “Countless success stories have emerged from chance encounters at crypto conferences. Early Bitcoin adopters often reminisce about meeting at small meetups, long before the mainstream spotlight. These gatherings fostered a sense of community and led to collaborations that shaped the industry. More recently, developers have found their dream teams at hackathons held during these events, while startups have secured funding from investors they met during panel discussions. These stories highlight the power of serendipity and underscore the value of active participation in the crypto community.”

The Shib: Can you share examples of successful connections made at crypto conferences?

Lian: “The educational offerings at crypto conventions are invaluable for staying ahead of the curve in this rapidly evolving space. Expert-led talks provide deep dives into specific blockchain technologies, regulatory landscapes, and emerging trends. Workshops offer hands-on learning experiences, allowing you to explore new tools and development frameworks. Panel discussions bring together diverse perspectives on key industry issues, sparking debate and fostering critical thinking. Whether you’re seeking technical knowledge or strategic insights, these educational opportunities can accelerate your understanding of the crypto ecosystem.”

The Shib: What are the most valuable aspects of attending talks, workshops, and panel discussions at crypto conventions?

Lian: “Crypto conventions are a whirlwind of information, and staying updated on the latest developments can feel like chasing a moving target. One effective strategy is to focus on specific areas of interest, whether it’s DeFi, NFTs, or Web3 gaming. Follow thought leaders and projects in those fields on social media (especially on X and Youtube) and engage in online communities. Many conventions also offer post-event access to recordings of talks and presentations, allowing you to revisit key insights and catch up on sessions you may have missed. Remember, continuous learning is essential in the ever-evolving world of crypto.”

The Shib: How can attendees actively participate in community-building activities at conventions?

Lian: “Crypto conventions are more than just conferences; they’re opportunities to become part of a vibrant and supportive community. Active participation is key to building lasting connections. Don’t hesitate to join informal gatherings, workshops, and networking events. Share your own insights and experiences during Q&A sessions, and be open to collaborating on projects with fellow attendees.  Remember, the relationships you build within the crypto community can be just as valuable as the knowledge you gain.”

The Shib: What are some challenges and opportunities in building and maintaining a strong crypto community?

Lian: “Building a thriving crypto community presents both exciting opportunities and unique challenges.  One challenge is navigating the rapid pace of innovation and the constant influx of new projects and ideas. It’s crucial to foster a culture of continuous learning and adaptation, embracing new technologies while staying grounded in core principles. Another challenge is combating misinformation and scams, which can erode trust and hinder adoption. By promoting transparency, responsible education, and critical thinking, the community can create a safer and more inclusive space for everyone.”

Over the years, crypto conventions have become more than mere networking venues—they are the lifeblood of the community, incubators of innovation, and a platform for shared learning. As Lian illustrated, success at these events comes not just from making contacts, but from forging meaningful connections, staying informed, and contributing to the community’s growth. As the crypto world continues to evolve, conventions remain pivotal in driving both individual and collective progress.

About The Expert

Anndy Lian is a blockchain expert, speaker, author, and investor with a deep understanding of the crypto and blockchain sectors. He has provided advisory to governments and public-listed companies across various industries, and he currently serves as the Chief Digital Advisor at Mongolia Productivity Organization. Known for his pivotal roles in not-for-profit and intergovernmental organizations, Lian is a champion of national digitization efforts and a driving force in blockchain innovation across Asia. He is also the author of Blockchain Revolution 2030 and NFT: From Zero to Hero.

 

Source: https://news.shib.io/2024/09/18/exclusive-interview-with-anndy-lian-the-power-of-crypto-conventions/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Chinese Investors Face Heavy Losses in Crypto Investments Amid Market Downturn

Chinese Investors Face Heavy Losses in Crypto Investments Amid Market Downturn

A recent survey of Chinese investors revealed that crypto enthusiasts have faced a difficult year. It noted that out of 574 respondents, around 59.8% reported losses in their crypto investments this year.

Among them, only 23% managed to see a profit. Out of the remaining lot (17.2%), people indicated their investments neither gained nor lost value, showcasing the volatile nature of the market in 2024, according to the survey.

The crypto market struggles this year can be attributed to factors like tightening regulations, a global economic slowdown, and increased scrutiny from financial institutions.

Chinese investors faced an even more complex scenario due to its stringent regulation on cryptocurrency trading and mining. China’s central bank announced that all transactions related to cryptocurrencies will be illegal, including digital tokens like Bitcoin.

The People’s Bank of China identified virtual currency-related business activities to be illegal and shared that it can endanger the safety of people’s assets. However, recently, speculations have been rife that China may be reconsidering its stance on cryptocurrency.

Justin Sun, founder of blockchain-based platform TRON, shared a cryptic post earlier on X, stating, “China unbans crypto. What’s the best meme for this?”

Rumors of China unbanning cryptocurrency have persisted, with market observers like Sun noting this could impact the global crypto space massively. China used to be one of the largest markets for cryptocurrencies, and lifting the ban would mean an increase in trading volumes and a rise in prices.

Amid the speculation, industry experts like Anndy Lian have discussed the potential for China to reconsider its cryptocurrency restrictions if Donald Trump were to win the upcoming U.S. presidential election. However, Lian noted that given the strained relations between Trump and Chinese President Xi Jinping, a complete reversal of China’s crypto policies is unlikely.

“#China to Lift Crypto Ban if #Trump Is elected? Trump and Xi are not BFFs. It will not unban. At most certain economic zones are granted special rights. For now, Hong Kong is the closest. Remember this,” he said.

His viewpoints reflect the existing complex geopolitical factors and the need for a nuanced understanding of China’s policy-making processes. As of now, investors and market analysts are closely monitoring these developments in the crypto space. The regulatory landscape remains firmly restrictive, without any indication of a policy reversal regarding cryptocurrencies.

Under current circumstances, financial institutions like the People’s Bank of China continue to enforce these regulations, while also working on its own central bank digital currency, the Digital Currency Electronic Payment (DCEP).

 

 

 

 

Source: https://news.shib.io/2024/08/29/chinese-investors-face-heavy-losses-in-crypto-investments-amid-market-downturn/

 

 

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Crypto insurance: Do you need one in 2024?

Crypto insurance: Do you need one in 2024?

Obviously, the decentralized finance (DeFi) industry is not going to stand still, as new projects and innovative financial instruments are constantly entering the market, and user adoption is increasing.

According to Triple-A estimates, there will be around 560 million cryptocurrency users worldwide in 2024. The number could be higher, as accurate determination is difficult due to the decentralized nature of cryptocurrencies.

However, the more the crypto industry expands, the more vulnerable it becomes to hacking and exploitation.

According to data published by TRM on June 24, 2024, the value of stolen cryptocurrencies doubled from $657 million to $1.38 billion within a year by June 24, 2024. Such a sharp increase could prompt crypto investors to consider purchasing crypto insurance.

One notable project in this space is 99Bitcoins, which aims to enhance security awareness and provide educational resources to help users understand the importance of protecting their digital assets.

By offering comprehensive guides and tools, 99Bitcoins empowers users to take proactive measures in securing their investments, thereby complementing the role of crypto insurance.

What is Crypto Insurance and How Does it Work?

Essentially, crypto insurance follows the same principles of effective risk management as traditional insurance, says Joseph Ziolkowski, CEO and co-founder of Relm Insurance, an insurance provider specializing in the digital assets and Web3 industries.

The main focus of crypto insurance is to protect crypto holders and businesses from risks such as theft, hacking, and technical failure. They provide financial protection for damage caused by such incidents and form a safety net.

However, due to the volatile nature of DeFi, cryptocurrency insurance coverage could tide over fluctuating market movements or accidental user errors, added Anndy Lian, an intergovernmental blockchain consultant.

In addition, Lian introduced the idea of ​​DeFi insurance, explaining that it uses blockchain technology to create a community-run pool for covering losses, eliminating the need for a traditional insurance company.

Demand for Crypto Insurance is Increasing

With the increase in cyberattacks on crypto exchanges and wallets, the demand for crypto insurance has certainly increased significantly, which also coincides with the overall growth and acceptance of the cryptocurrency industry.

Relm Insurance’s Ziolkowski noted that the company has observed significant growth in the crypto insurance market, especially following the introduction of new regulations and due to the ecosystem’s continuous development of innovative solutions.

He said: “Demand for crypto insurance has remained consistently strong and has proven its resilience even in bear markets. Due to this high demand, Relm has launched a Web3 product range that offers tailored and comprehensive insurance coverage for clients exploring or using Web3 technologies.”

“Our five distinct products directly address the nuanced risks faced by cryptocurrency exchanges, asset managers, technology developers, miners, token issuers, institutional staking providers, and other entities operating in the ecosystem.”

However, according to Ziolkowski, the increasing number of insurance claims also means that insurers are less willing to cover these types of risks.

Protection from the Wild West of Crypto Risks

Unlike traditional insurance, crypto insurance focuses on eliminating specific threats that the crypto industry is more vulnerable to, such as theft and hacking, loss of crypto and keys, and cyber and technical errors and omissions.

Lian described cryptocurrency insurance coverage as protection “against the Wild West of cryptocurrency risks,” noting that some of the most popular solutions include protection against hacking and theft.

This covers and protects crypto assets stolen during a security breach, as well as the loss of custodians due to accidental loss or loss caused by a technical malfunction.

Relm Insurance’s Ziolkowski further explained that some of the most common types of crypto insurance include directors and officers (D&O), cyber and technology professional liability, and investment manager insurance.

D&O insurance protects crypto companies and their executives from lawsuits, typically resulting from alleged mismanagement, and includes three levels of coverage:

The protection of individual directors if they are sued and the company cannot compensate them.

Reimbursement of costs incurred by the company in naming executives in legal proceedings.

Covering the company’s expenses if both the company and its executives are sued.

The cyber and technology professional covers technology-related liabilities specified in contracts.

Finally, the Investment Managers Insurance Coverage provides special coverage for investment managers who oversee cryptocurrency assets.

It typically includes protection against claims arising from professional error, mismanagement, breach of fiduciary duty, and violation of regulations.

It can cover legal defense costs, settlements, and damages and protect both the managers and the investment firm from financial losses due to these risks.

Crypto Insurance Companies “In Cahoots” With Regulators

According to Relm Insurance’s Ziolkowski, Relm works with regulators around the world to address the insurance requirements embedded in their respective legal frameworks.

“It is crucial to recognize the considerable differences in these requirements: some countries require only a single type of insurance, while others require eight or more types of insurance.”

Ziolkowski cited Hong Kong as an example, where 50% of all assets held in custody must be insured – a requirement that is not applied uniformly in all regulations.

Such regional differences underscore the evolving landscape of regulatory frameworks in which insurance mandates are increasingly creating credibility and legitimacy within the crypto industry.

Lian added that regulatory frameworks can often influence the types of risks covered by crypto-insurance, highlighting the importance of collaboration.

“For example, regulations addressing smart contract vulnerabilities could pave the way for insurance against bugs or exploits within these digital agreements. Conversely, a lack of regulations for certain crypto activities could result in them not being covered by insurance.”

Crypto Insurance: A Promising Concept?

Lian stressed that crypto insurance is “a promising concept, but it is still uncharted territory.”

“Unlike traditional insurance, which relies on decades of data, the new and ever-changing landscape of cryptocurrencies makes it difficult for insurers to assess risk and set fair prices for insurance coverage.”

Furthermore, the decentralized nature of cryptocurrencies clashes with traditional insurance models, which could make insuring digital assets somewhat more challenging, as they are often distributed across a number of digital wallets.

Relm Insurance’s Ziolkowski highlighted that a striking trend Relm is observing is the increasing demand for higher coverage amounts in slashing insurance, reflecting increased risk awareness and exposure.

“In addition, there is a remarkable increase in dynamic insurance offerings entering the market due to customer innovation. Companies’ risks are growing at a pace that far exceeds that of the traditional financial world.”

Therefore, cryptocurrency insurance could experience even more growth in the future.

Conclusion

Crypto insurance has become a crucial component in the rapidly evolving digital asset and DeFi industry.

As the number of users and the value of digital assets continue to grow, so does the potential for risks such as hacking, theft, and regulatory challenges, forcing more and more investors to consider options for protecting their investments.

Despite the challenges of insuring digital assets in a decentralized and volatile environment, the demand for comprehensive insurance coverage is growing.

By collaborating with regulators and developing innovative products, the crypto insurance sector will play a critical role in securing the future of digital finance.

As the industry matures, the protection offered by crypto insurance will be essential to promoting trust and stability in the crypto world.

 

Source: https://usa.inquirer.net/154627/crypto-insurance-do-you-need-one-in-2024

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j