FOREWORD
CRYPTOCURRENCY : TO CONFUSION AND BEYOND
“ The world watched agog as the entire fiasco unfolded like a cheap plot in a Netflix
Original ”
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“ It ’ s money Jim , but not as we know it ” The world ’ s most contentious currency continues to hit the headlines with hacks , heists and more The mysterious world of cryptocurrency isn ’ t for everyone . That much became clear in a new survey that revealed 36 % of UK respondents who ’ d invested in Bitcoin et al . felt they knew so little about the subject that they were not qualified to answer questions on it .
The security issues surrounding cryptocurrency investment also came into play in the benchmark hack experienced by the Poly Network exchange . The world watched agog as the entire fiasco unfolded like a cheap plot in a Netflix Original .
US $ 600mn in digital assets were stolen - and then returned by a hacker ( or group of hackers ) who ’ d decided to expose the platform ’ s weak points in dramatic style - with apparent altruistic intentions . Take that JJ Abrams !
Much , much more needs to be done in fortifying cryptocurrency investment and exchange networks against cyber hacks . This , along with better knowledge and regulation of the sector , will be instrumental in building trust in the system that currently feels about as stable as quicksand .
However , great strides are being made , with serious European investors being able to regulate their cryptocurrency trading via Eurex when Bitcoin ETN Futures lists later this month .
Ultimately , cryptocurrency is growing up - and maturation is never an easy ride . Let ’ s hope this process will see less serious contenders ( Mooncoin , Putincoin and their ilk ) disappear into obscurity and allow grown-up changes to transform DeFi as we know it .