Cybersecurity has been a recurring theme in recent happenings around the world, signaling an increase in digital currency scams and a future where cryptocurrency is likely to face more threats. From Nigeria to North Korea, scammers and hackers are preying on companies, causing significant scarcity. While there have been measures like Stablecoins launched,
WazirX recently froze $3M in USDT in the aftermath of a cyber-attack and digital currencies like Bitcoin have been called out for their vulnerability. Similarly, there have been instances where significant sums have been lost due to crypto hacks, and the figures rise worryingly each year. Predictably, these situations beg the question as to whether cryptocurrencies like Ethereum are secure enough for investors.
MicroStrategy's Michael Saylor, an ardent Bitcoin supporter, still believes in its value, likening it to a 'cyber Manhattan' and a viable investment. Meanwhile, notable personalities like Elon Musk continue to draw attention in the cryptocurrency world in unexpected ways. Amid these challenges, significant figures in the crypto world like the alleged Bitcoin crook and the individual behind the Helix Bitcoin launderette have been reprimanded and made to answer for their actions. New and existing cryptocurrency platforms are working in response to these threats, as seen with Coinbase, Circle, and Kraken launching the sector's 'Neighborhood Watch'. Despite these efforts, cyber threats remain rife, with other platforms falling prey to breaches and attacks. Amid all this, coins like CyberCoin and other cybersecurity coins attract attention, with their potential being lauded by investors and skeptics alike. The crypto world is still no stranger to illegal activities. Nevertheless, the future still looks promising for investments in cryptocurrency, with Blockchain technology being lauded for its potential to eliminate cybercrime threats.
CYBER Coin News Analytics from Wed, 21 Jun 2017 07:00:00 GMT to Wed, 29 Jan 2025 14:00:25 GMT -
Rating -2
- Innovation 7
- Information 5
- Rumor -3
