Reason Why The Crypto Market Is Down (Part 8)

#8. Security remains a situation for prospective investors.

The crypto market has received a lot of bad press for hacks, exit scams and Ponzi schemes. For some, ICOs are synonymous with fraud, even though this is far from the truth.

However, cryptocurrency change safety remains a evident difficulty The reality is that $1.1 billion in cryptocurrency was once hacked in 2018. In the preceding year, cryptocurrency hacks rose 369 percent.

This is because stealing cash from exchanges, alternatively than banks, is a lot less complicated to do. Exchanges can be small agencies with inadequate safety to manipulate hundreds of thousands in digital assets. Though there are many secure options, exchanges are no longer to be relied on throughout the board.