Exchange

The US cryptocurrency industry has been quite controversial in its growth. The country’s financial watchdogs are mostly being cautious about this new technology. However, as the power in the USA has changed its face, the situation for cryptocurrency might change as well.

The outbreak of coronavirus triggered a significant growth of cryptocurrency scams in early 2020. Now, the second wave of the pandemic might trigger another boost of fraudulent activity.

Trading of cryptocurrencies, also referred to as decentralized exchange is on the rise amongst the crypto asset activist who engages in decentralized finance. Decentralized Exchange (DEX), involves the exchange of cryptocurrency in a decentralized model thus allowing crypto assets activists to trade amongst themselves.

The Political Affairs Committee of South Korea’s National Assembly has informed the Financial Services Commission (FSC) on numerous attempts of hackers to break into the country’s financial institutions. Cryptocurrency exchanges became the main target.

While the US Securities and Exchange Commission is known for its cautious stance on cryptocurrencies, it seems things have been changing. The watchdog’s Chairman claimed that they are open to Decentralized innovations.

Cryptocurrency industry becomes less decentralized and anonymous and more regulated and controlled. Government authorities require crypto exchanges to disclose transaction data of their customers. And the exchanges seem to be quite collaborative in these terms.

American online video-sharing platform YouTube has banned the channel of another popular cryptocurrency enthusiast.

We have heard of people who instantly built their wealth from Bitcoin. But we have also read stories of those who were scammed and whose entire savings have gone with the wind. If there are two sides to the crypto story, how do we know the real score about it?

Twitter seems to be still vulnerable to hacks. A group of cyberattackers under the name ‘John Wick’ have gained access to the account of India’s Prime Minister (PM) Narendra Damodardas Modi and used it to promote a fake cryptocurrency schema.