Since the introduction of Bitcoin in 2009, and as a result of the global recession during that period, cryptocurrency have been a much-discussed topic across technology, finance, and even global policy. The news is dominated by stories of its impact on our lives and businesses.

The U.S. Department of Justice charged a British man for his alleged role in stealing $784,000 worth of cryptocurrency using SIM swap attacks. According to the unsealed indictment, Joseph James O’Connor – also known as “PlugWalkJoe” – conspired with others to steal approximately $784,000 worth of cryptocurrency from a Manhattan-based cryptocurrency company.

If you own any virtual currency, what will happen to it after you’ve passed away? Would your friends and family know what you owned? Or how to access the funds?

Cryptocurrency space is maturing, India’s appetite for cryptocurrency is evident, as the country facilitates the highest recipient of remittances globally — more than $83 billion since 2018 every year. With the support of cryptocurrencies, the remittance market is anticipated to soar in India, with cheaper, more efficient methods of sending money.

Cryptocurrency is a fantastic way for people to invest their money in a technologically progressive and versatile way. However, it is also subject to considerable volatility and, as the IRS’s June announcement of a huge $2.3 million confiscation indicated, insecurity. Cryptocurrency and the regulation that surrounds it is undergoing vast change, with market forces changing on a whim every single month.

Over the past five years, blockchain technology has gone mainstream. More and more investors, businesses and opportunistic hobbyists are filling their cryptocurrency wallets with crypto assets like Bitcoin and Ethereum. In fact, the global user base of all cryptocurrencies increased by an estimated 190 percent between 2018 and 2020. There is undoubtedly money to be made, ushering newcomers into the world of blockchain.

“Never let a crisis go to waste.” It’s an expression that we’ve all heard a lot over the course of the last year. It is a reminder by Winston Churchill that in bad times that big problems often beget opportunities to do things differently — and better — next time around. No other industry as much as crypto has lived up to this quote.

Cryptocurrencies, once the exclusive domain of an idealistic fringe movement, have recently become attractive to mainstream retail investors. During the COVID-19 pandemic, the valuation of cryptocurrencies rose exponentially, reaching a market capitalization of over $2 trillion. Cybercriminals are always looking for the path of least resistance to make money and cryptocurrencies are now in their crosshairs.