Cryptocurrency is a digital type of currency working on the basis of cryptographic methods. Cryptocurrency was developed as a medium of exchange. In 2009 bitcoin became the first decentralized cryptocurrency.
The skyrocketing price of bitcoin gave rise to ethereum, ripple and other altcoins. However, the bullish market, which has spawned over 1,500 cryptocurrencies, has turned bearish, and some cryptos are imploding.
Japan’s top financial regulator has ordered one of the world’s biggest cryptocurrency exchanges to suspend its operations. The watchdog said Binance was breaking Japanese rules and isn’t properly registered.
As bitcoin soared to the $20,000 mark last year, cyber-criminals increasingly turned their attention to cryptocurrency users. ‘Cryto-jacking’ cases catapulted in 2017 as cryptocurrency prices rose, according to new research.