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One of the most important features of cryptocurrency is its ability to offer a user full anonymity and privacy. Is it good? A challenging question. For most people tend to believe that anonymity is something important only for fraudsters and criminals. And this is partially true. However, ordinary people also need privacy to protect their everyday life.

When Bitcoin started to be used as an alternative means of payment, it was looking like garbage in the eyes of the oblivious public. The flagship cryptocurrency was adjacent to a mediocrity especially in the first six months between 2009 and 2010, with a value above 13 cents. It was during the summer of 2010 when most people started to hear and get to know the importance of it. Most online and offline news platforms picked interest in it and started writing and researching about it.

The United States (US) Securities and Exchange Commission (SEC) yet again ruined the hopes of the public involved in the cryptocurrency industry, by rearranging a verdict on the launch of a Bitcoin exchange-traded fund (ETF) to make a more dependable platform for significant institutional money to enter the digital currency markets. The US SEC’s delay of a crypto ETF is not such a bad thing since institution of such legal actions is suitable at this moment taking into consideration the legal and policy matters originating from the suggested rule amendment.

Whale Alert, a twitter account that automatically and manually records weighty cryptocurrency transfers for the social media platform ecosystem, uncovered that just over $250 thousand of stolen Ethereum (ETH) from the hacked New Zealand (NZ)-based cryptocurrency exchange Cryptopia, finally moved on Tuesday May 21.

Malevolent attackers have run away with more than $40 million worth of Bitcoin (around 7,000 BTC) from United States based cryptocurrency exchange Binance. Hackers used several hack techniques to make this extensive security breach on May 7, 2019.

As blockchain, cryptocurrency and distributed ledger technology (DLT) adoption is gaining pace, various kinds of criminals and fraudsters also look into it as means of their illegal activity. Thieves have gained over $356 million from cryptocurrency exchange platforms and users solely in the first quarter of Q1 2019.

Recently, the crypto community has been speculating about the solvency of the digital currency exchange company CoinBene. The exchange used Maximine (MXM) to settle all of its users' stolen funds.

A lot of people with different backgrounds enter the crypto industry without the full knowledge to differentiate between an exchange and a wallet, and some don’t know the importance of private keys and how to use them.

The North Korean hacker group Lazarus have continued to carry out several attacks on crypto businesses and financial technology (fintech) firms, using modern hacking techniques, according to Kaspersky Lab.