There has also been the incidence of hacks on exchanges, the latest being the theft of roughly $ 532.9 million
in digital money from Tokyo - based cryptocurrency exchange Coincheck a few weeks ago.
As institutions increasingly express
interest in digital money, some financiers have shared concerns about cryptocurrency derivatives as a new asset class.
Soon afterward, South Korea's financial regulator made it difficult to trade cryptocurrencies anonymously, and trading
volumes in digital money such as bitcoin BTC = BTSP promptly collapsed in what had been their busiest market.
He wrote frequently, over several months, about the concepts
involved in digital money, including those smart contracts, a concept so specialized that Mr. Szabo is often given credit for inventing the term.
As cited by Bloomberg, the listing on the CME offers the following benefits: firstly, liquidity could increase with high - frequency traders acting as market makers, and, secondly, traders would be able to hedge cash positions in the digital money
Since its creation, NEO has experienced the upsurge and boom of the blockchain industry, making it one of the cryptocurrencies that continue to cause a
ripple in the digital money market.
Being among the first to embrace Bitcoin was an easy, relatively cheap way for companies to capitalize on
interest in digital money, said Derek D. Rucker, a marketing professor at the Kellogg School of Management at Northwestern University.
When cryptocurrency exchange Coincheck Inc explained how hackers made off with $ 530 million
in digital money, it said part of the problem was beyond its control: Japan's lack of software engineers.
TOKYO (Reuters)- When cryptocurrency exchange Coincheck Inc explained how hackers made off with $ 530 million
in digital money, it said part of the problem was beyond its control: Japan's lack of software engineers.
Another recent news report says that at least $ 7 million
in digital money was stolen as North Korea hacked the cryptocurrency exchange in South Korea, together with the personal information of about 30,000 people.