The WAR on Cryptocurrencies

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Maybe it’s a coincidence that all these major pushes against cryptocurrencies happened in tandem over the last few weeks. Those of us immersed in this industry may beg to differ. Could it be part of a colossal, concerted effort to quash the industry? Let’s take a look at what’s happening and maybe then we can decide whether an all-out war against cryptocurrency has started in earnest.

• The SEC announced its implementation of a court-approved emergency asset freeze for AriseBank, which claimed it raised $600 million during its token sale. So maybe a cryptocurrency calling itself a Bank was a bit premature!
• In Japan, regulators reacted to a hack on Asia’s biggest exchange, Coincheck, which lost about $500 million in crypto. The stolen NEM coins were held in storage linked to the internet, making it easier for hackers to steal the cryptocurrency. Was anyone in the industry really surprised? Many ICOs do not even address security whatsoever in their whitepapers. And why do these stories never ever mention ways to keep your crypto safe?

To be continued → https://www.trudex.io/world-war-b-cryptocurrencies-hit-hard-this-week/