CYBER Coin, in the headlines because of its increased recognition, shows a mixed image in the cybersecurity community. The ecosystem sees a surge in cyber crime activities. These activities include the
North Korean cyber-attacks targeting crypto and sophisticated hack attempts on major platforms like
Coinbase and
WazirX, which are heightening the concerns about the security of cryptocurrencies.
US Senator promotes Bitcoin amidst global cyber outages, praising its resilience. The
FBI warns about these looming threats while
cryptocurrency 'laundromats' face repercussions for aiding financial crimes. Cryptocurrencies are noted becoming a preferred choice among money launderers and scammers, drawing attention from institutions like the UN. Amid threats and attacks, companies are not stepping back. Major exchanges including
Coinbase,
Circle, and
Kraken are joining hands to counteract cyber threats, while other players in the industry, like
1inch, are partnering with firms to combat DeFi fraud and other cyber threats. The resilience of the crypto market is further fortified by
US government's commitment of $3.6M to reinforce cybersecurity skills. Utility blockchain Ethereum intends to invest $100M to contribute to the 'cybernetic economy'. Amid these events, CYBER Coin's future seems to hang in the balance. Major price predictions see CYBER reaching new heights by
2024 despite potential market floods of CYBER tokens. The coin also saw a drastic price dip after gaining listing on
Binance. As of now, the future trajectory for CYBER Coin remains unclear.
CYBER Coin News Analytics from Mon, 17 May 2021 07:00:00 GMT to Fri, 06 Sep 2024 12:58:50 GMT -
Rating 2
- Innovation 3
- Information 7
- Rumor -8
