Safety First: Navigating Through the #crypto Hacks
▻https://hackernoon.com/safety-first-navigating-through-the-crypto-anarchy-a560cea9a791?source=r
canva.comWith the recent Bithumb hack, the question on many investors’ minds is: how safe is my crypto? Although hacking is an issue for all cryptocurrencies, for this note, we decided to use #bitcoin as a proxy for hacking probability. Buying cryptocurrency is becoming less of a wild west experience. Yet, investors still face plenty of instability and risk around every turn. These risks are not only associated with the theoretical argument over whether cryptocurrency is here to stay, but also whether some hacker will steal your precious coins. Remember, cryptocurrency exchanges are not insured by the Federal Deposit Insurance Corporation so, unlike equities or bonds, there are no assurances for those investors who lose their money. In addition, the Securities and Exchange Commission (...)