8 years ago

Cryptocurrency Crime - New but deadliest Crime

Cryptocurrency and Blockchain technology is the innovative idea of our time. Cryptocurrency is a digital asset used as a medium of exchange. Some people do not accept the idea of a currency or medium of exchange. Anyway, Cryptocurrency is gaining popularity no matter what some people thinks.

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange

Blockchain is a continuously growing list of records. In 2017, We have seen unbelievable growth of Cryptocurrency especially Bitcoin. Bitcoin price increases from $1000 to $20000. Cryptocurrency growth is exponential, Cryptocurrency crime is also exponential.

Cryptocurrency exchange hack to private key hack to ICOs hack, Everything is going on the crypto world. When Mt. Gox lost 850,000 Bitcoin, We thought that maybe this hack is the last hack ever. Cryptocurrency exchange will be sured enough to prevent any kind of malicious activity.

We are wrong. Just a few days back, Another Japanese exchange hacked. Japanese exchange,Coincheck, Lost $435 million worth of NEM token. Though Coincheck promised to payback to the investors. Japan is the most popular country for cryptocurrency.

Another popular country is South Korea. Guess what, South Korean exchange, Youbit, Hacked twice.

What is the solution for this Crime?

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