After the Chinese authorities launched
an attack against the currency, it dropped sharply but has slowly been recovering.
Not exact matches
And the dollar is also up
against currencies from South Africa (another commodity proxy) to Indonesia (which cut interest rates earlier and suffered a terror
attack), Turkey (more terror
attacks and political instability) and the U.K. (fears over it exiting the European Union).
According to Jeffrey Berns, Managing Partner of Berns Weiss LLP, «the virtual
currency / blockchain practice group of Berns Weiss LLP has been contacted by various people inquiring about potential legal action
against Poloniex and Kraken with regard to the recent sell off at those exchanges in conjunction with DDoS
attacks.»
It has also been claimed that the only truly sovereign states are those that control their own
currency, borders, and nuclear weapons (capable of being delivered
against any power that might
attack the state).
«We've seen DDoS
attacks against them; we've seen different groups targeting cryptocurrency exchanges trying to steal the
currencies they hold; trying to garner information on how they operate, particularly how they operate their KYC processes for anti-money laundering; we also see them try and understand who are the insiders, who are the people that might work there to conduct other crimes,» he explained.
that he thinks bitcoin could reach $ 1,000,000 because several financial institutions announced that they are starting to stockpile the digital
currency as a defence mechanism
against potential ransomware
attacks, which have been on the rise in recent years.